Turuhuke Ii Group
He has been running a restaurant for the last 10 years.
He is requesting his fourth loan from the micro-finance institution Turame. He will use the loan he obtains from Kiva to increase his capital and buy a large quantity of beans, cassava flour and rice, that he will cook and sell in his restaurant.
Over the coming years, he would like to buy his own plot of land and see his children continue their studies.
Il fait le commerce de restaurant depuis 10 ans.
Il est à son quartiième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité du haricot, de la farine de manioc, du riz,…à revendre cuits dans son restaurant.
Dans les prochaines années, il voudrait acheter sa propre parcelle et voir les enfants poursuivre 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