He has been doing commerce in shoes for a year.
This is his first loan with Turame. With this KIVA loan he is obtaining, he is going to increase his capital and buy many shoes to resell, so as to earn more.
In the next few years, he would like to buy his own plot of land and build a house on it. He would also like to see his children go to school, graduate, and achieve the goal of being employed.
Il fait le commerce de chaussures depuis 1 an.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup de chaussures, à revendre pour gagner plus.
Dans les prochaines années, il voudrait acheter sa propre parcelle et y construire une maison. Il voudrait en outre voir ses enfants étudier, terminer les études et parvenir à avoir l’emploi.
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