He has been a shopkeeper for 8 years.
He is on his 12th loan with Turame. With the KIVA loan that he gets, he is going to increase his capital and buy many items for his shop to resell, to make more profits.
In the coming years, he would like to sell imports and introduce beauty products in his shop.
Il fait le commerce de boutique depuis 8 ans.
Il est à son douzième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup d’articles de boutique à revendre, pour gagner plus.
Dans les prochaines années, il voudrait faire le commerce d’importation et introduire le commerce des produits de beauté dans son commerce.
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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