He has been selling palm nuts for making oil for the past three years and is on his second loan from Turame. With the loan from KIVA he is going to increase his capital and buy a large quantity of palm nuts for making oil, so he can earn more money.
In the coming years he would like to have a house and buy a vehicle.
Il prend soin de ses petits frères qui étudient.
Il fait le commerce noix de palmier à huile depuis 3 ans.
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 noix de palmier à huile, à revendre pour gagner plus.
Dans les prochaines années, il voudrait avoir une maison et acheter un véhicule.
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