Dushime Ii Group
Abraham has been selling grocery products (flour, rice, beans) for seven years.
This is his second loan with Turame. With the Kiva loan that he is receiving, he will increase his capital and buy a large quantity of grocery products (flour, rice, beans etc...) in order to resell them and make more money.
With the earnings from his business, he manages to meet his family's needs by buying food and taking care of school fees and healthcare costs.
Il fait le commerce de boutique (farine, riz, haricot,) depuis 7 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 d’articles de sa boutique (farine, riz, haricot,…) à revendre pour gagner plus.
Avec le gain de son commerce, il parvient à satisfaire les besoins familiaux : les frais de scolarité, les soins de santé, l’alimentation.
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