He’s been working in a boutique (rice, beans, soaps) for the past 2 years. This is his first loan with Turame. With his KIVA credit, he will increase his capital and buy a large quantity of items for his boutique (rice, beans, soaps) to resell and increase his earnings.
Over the next few years, he would like to improve his family's status with the help of loans from Turame Community Finance SA.
Il fait le commerce de boutique(riz,haricot,savons,...) depuis 2 ans.
Il est à son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité d’articles de boutique(riz, haricot, savons,..,) à revendre, pour gagner plus.
Dans les prochaines années, il espère améliorer la situation familiale grâce aux crédits de Turame Community Finance S.a.
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