He has been buying and selling used shoes for 14 years.
He is on his sixth loan through Turame. He will use the KIVA loan to increase his capital and buy lots of shoes to resell so that he can earn more money.
In the coming years, he would like to expand his business and import products from Europe.
Il fait le commerce de chaussures d’occasion depuis 14 ans.
Il est à son sixième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup de chaussures à revendre, pour gagner plus.
Dans les années à venir, il voudrait être un grand commerçant qui importe des produits d’Europe.
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