Astère has been in the restaurant business for nine years and this is his fifth loan from Turame. This Kiva loan will increase his capital and enable him to buy a large quantity of rice, beans and palm oil to cook and resell in his restaurant, allowing him to earn more.
In the years to come, he would like to build his own house in Bujumbura and see his children go to school.
Il fait le commerce de restaurant depuis 9 ans.
Il est à son cinquième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de riz, de haricot, d'huile de palme à revendre cuits dans son restaurant, pour gagner plus.
Dans les prochaines années, il voudrait construire sa propre maison à Bujumbura 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