He started selling corn 4 years ago. This is his third loan with Turame. With his Kiva loan, he will increase his capital and buy a large quantity of corn to resell and increase his revenue.
In the years to come, he would like to run his business with his own capital and without having to resort to loans. He would also like to see his children go to school.
Il fait le commerce de maїs depuis 4 ans.
Il est à son troisième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de maїs à revendre pour gagner plus.
Dans les années à venir, il voudrait faire son commerce avec son propre capital, sans recourir au crédit, 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