He has been a rice trader for the past five years and is on his fourth loan from Turame. With the KIVA loan he is granted he is going to increase his capital and buy a large quantity of rice to resell and make more money.
In the coming years he would like to do livestock farming, build his own house and also see his children study.
Il est commerçant du riz depuis 5 ans.
Il est à son quatrième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de riz, à revendre, pour gagner plus.
Dans les prochaines années, il voudrait pratiquer l’élevage, construire sa propre maison, il voudrait en outre voir ses enfants étudier.
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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