He has worked in the restaurant business of six years.
This is his first loan from Turame. With the KIVA loan he obtains, he is going to increase his capital and buy food products (beans, sweet potatoes, palm oil) to cook and resell in his restaurant, to earn more.
Thanks to the gains from his business, he provides for his family's health costs and buys their clothing and food. He has already purchased a goat.
Il fait le commerce de restaurant depuis 6 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter des produits vivriers (haricot, patate douce, huile de palme,…) à revendre cuits dans son restaurant, pour gagner plus.
Grâce au gain de son commerce, il assure les frais de santé, il achète les habits, et de la nourriture de la famille. Il a déjà acheté une chèvre.
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