He has been managing a general store (soap, rice, beans, ...) for the past 30 years. This is his fourth credit loan with Turame.
With the KIVA loan he obtains, he will increase his capital and buy many items for his store (soap, rice, beans, ...), to resell and earn more.
In coming years, he would like to become a wholesaler.
Il fait le commerce de boutique (savons, riz, haricot,…) depuis 30 ans.
Il est à son quatrième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup d’articles de sa boutique (savons, riz, haricot,…) à revendre, pour gagner plus.
Dans les prochaines années, il voudrait devenir un commerçant grossiste.
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