Thomas has been selling food products (cassava and maize) for thirty years.
This is his eighth loan with Turame. With the loan that he is receiving from Kiva, he will increase his capital and buy a large quantity of cassava and maize for resale, in order to make more money.
In the coming years, he would like to fight against poverty within his own family, and continue to educate his children.
Il fait le commerce des produits vivriers (manioc et maïs) depuis 30 ans.
Il est à son huitième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de maniocs et de maïs à revendre , pour gagner plus.
Dans les prochaines années, il voudrait lutter contre la pauvreté dans sa famille 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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Success!! The loan was 100% repaid