Ubumwe Ii Group
Etienne has been selling banana beer in his bar for 10 years. He is on his 7th loan with Turame.
With this Kiva loan, he is going to increase his capital and buy a large quantity of bananas to make into beer, [which he will] sell to earn more [income].
In the coming years, he would like to have a plot of land and a motorbike. He would also like to see his children go to school.
Il est commerçant de bière de banane dans son bar depuis 10 ans.
Il est à son septième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de bananes pour la préparation de la bière, à vendre, pour gagner plus.
Dans les prochaines années, il voudrait avoir une parcelle, une moto;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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Success!! The loan was 100% repaid