He has been trading beans and beer for the past ten years.
This is his seventh credit loan with Turame. Once he obtains the KIVA loan, he will increase his capital and buy a large quantity of bananas to prepare beer for sale, and so increase his earnings.
Il fait le commerce de haricot et de la bière depuis 10 ans.
Il est à son septième crédit avec Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de bananes pour préparer de la bière, à vendre pour gagner plus.
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