Moïse has been selling beer and lemonade in his bar for the past 18 months.
He is on his fourth loan with Turame. With the loan that he is receiving from KIVA, he will increase the number of beer and lemonade crates which constitute his capital. He will resell these drinks to make more money.
Il fait le commerce de bière et de limonade dans son bar depuis 1 an et 6mois.
Il est à son quatrième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter le nombre de casiers de bière et de limonade constituant son capital ; ces boissons seront revendues 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