Abashizehamwe Ii Group
Evariste has been in the restaurant business (beans, rice, cooked sweet potatoes...) for 10 years. This is his first loan from Turame. He will use his Kiva loan to increase his capital and buy a large quantity of food products (beans, rice, sweet potatoes...) for his restaurant. He will cook them and sell them in order to earn more money.
The profits he makes in his business allow him to improve his living conditions.
Il fait le commerce de restaurant (haricot, riz, patate douce cuits,...) depuis 10 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de produts vivriers(haricot,riz,patate douce,...) de son restaurant, à revendre cuits, pour gagner plus.
Les gains tirés du commerce, lui permettent d’améliorer ses conditions de vie.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid