His has a shop where he has been selling beans, rice, salt, etc, for 30 years.
He is on his second loan with Turame. With the KIVA loan he is receiving he is going to increase his working capital and buy various items such as beans, rice, and salt, etc, in order to earn more money.
The profits from his business will allow him to meet the needs of his family, such as food and healthcare.
Il fait le commerce de boutique (haricot, riz, sel,…) depuis 30 ans.
Il est à son deuxième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup d’articles (haricot, riz, sel,…) à revendre, pour gagner plus.
Le gain de son commerce lui permet de satisfaire les besoins familiaux (alimentation, soins de santé,…).
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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