Umwete Iii Group
He has been selling sweet potatoes, local beer and manioc (cassava) for 15 years. He also works as a farmer.
He is on his second loan with Turame. He will use his Kiva loan to bolster his capital and stock up on sweet potatoes and manioc as well as bananas to prepare large quantities of local beer for resale, to increase his earnings. In the years to come, he would like to buy a plot of arable land and provide for his children’s studies.
Il fait le commerce de patate douce, de la bière locale, du manioc ,depuis 15ans; il pratique aussi de l’agriculture.
Il est à son deuxième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de patates douces, de manioc, et de bananes pour préparer beaucoup de litres de la bière locale, à vendre pour gagner plus.
Dans les prochaines années, il voudrait acheter un terrain cultivable et 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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