He has been selling drinks (Primus beer, Amustel..) in his bistro for the past 27 years.
He is on his tenth loan from Turame. With his Kiva loan he is going to increase his capital and buy a large quantity of crates of beer for resale, so that he can make more money.
Il fait le commerce de boissons (bière Primus, Amustel,…) dans son bistrot, depuis 27ans.
Il est à son dixième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup de casiers de bière à revendre pour gagner plus.
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