Désiré has been running a shop selling various food products (e.g. rice, beans, salt, etc.) for 10 years. This is his 8th loan with Turame. The Kiva-sponsored loan will increase his capital and he will use it to buy many products for his shop so that he can earn more. In the coming days, he would like to continue expanding his shop.
Il fait le commerce de boutique (riz, haricot, sel,…) depuis 10 ans.
Il est à son huitième crédit àTurame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup d’articles de sa boutique afin de gagner plus.
Dans les prochains jours, il voudrait continuer à agrandir sa boutique.
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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