Anatole has been in the beer business for 5 years. This is his eleventh loan with Turame. With the Kiva loan that he obtains, he will increase his business capital and buy several cases of beer to resell in order to increase his income. The profit from Anatole's business has allowed him to purchase land to cultivate.
Il fait le commerce de la bière depuis 5ans.
Il est à son onzième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup de caisses de bière à revendre pour gagner plus.
Le gain de son commerce lui a permis d’acheter un terrain pour cultiver.
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