He has been selling grocery products (rice, salt, soaps...) for the past four years.
Pierre is on his second loan with Turame. With this loan, received from KIVA, he will increase his capital and buy a large quantity of grocery products (rice, salt, soap) for resale in his shop. His goal is to earn more.
In the future, he would like to start selling fritters, on a retail basis, to his customers.
Il fait le commerce de boutiques (riz, sel, savons,..) depuis 4 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 (riz, sel, savon,…) à revendre, pour gagner plus.
Dans l’avenir, il voudrait introduire dans son commerce les beignets et en fournissant les clients détaillants.
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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