Terimbere Iii Group
He has been selling a type of fish called ndagala for five years.
This is his third loan with Turame. With this Kiva-financed loan, he is going to increase his capital and buy a large amount of ndagala to resell and earn more.
In the coming years, he would like to buy some land for his children.
Il fait le commerce de poissons appelés ndagala depuis 5 ans.
Il est son troisième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de poissons appelés ndagala, à revendre pour gagner plus.
Dans les prochaines années, il voudrait acheter des parcelles pour ses enfants.
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