He has been retailing groceries (rice, flour, beans…) for ten years. He is on his seventeenth loan with Turame. With his Kiva loan, he will increase his capital and purchase many items for his store (rice, flour, beans…), which he will resell to earn more.
Profit from his business will be used to better the family’s living conditions, to pay for healthcare, and to face the children’s school fees.
Il fait le commerce de boutique (riz, farine, haricot,…) depuis 10 ans.
Il est à son dix-septième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup d’articles de sa boutique (riz, farine, haricot,…),à revendre pour gagner plus.
Les gains du commerce va servir à améliorer la vie de la famille, payer les soins de santé, supporter les frais de scolarité des enfants.
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