Dismas has been running a shop (beans, rice, salt, etc.) for six years.
He is on his 10th loan from Turame. With the Kiva loan he will receive, he is going to increase his capital and purchase many items for his shop to sell, in order to earn more.
In the coming years, Dismas would like to purchase a means of transport.
Il fait le commerce de boutique(haricot,riz,sel,...) depuis 6 ans.
Il est à son dixième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup d’articles de sa boutique à revendre afin de gagner plus.
Dans les prochaines années, il voudrait acheter un moyen de déplacement.
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