He has been trading palm oil for the past 18 years.
This is his first credit loan with Turame. With the loan obtained from Kiva he will increase his working capital and buy lots of cans of palm oil for resale, so as to earn more.
In coming years, he would like to buy a plot of land, some farmland, and see his children pursue and complete their studies.
Il fait le commerce d’huile de palme depuis 18 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup de bidons d’huile de palme à revendre, pour gagner plus.
Dans les prochaines années, il voudrait acheter une parcelle , des terres cultivables et voir ses enfants poursuivre et terminer les études.
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