Serges has been a retailer (beans, rice, …) for twelve years and he is seeking his third loan from Kiva's partner, Turame.
He will use it to bolster his working capital and buy a large quantity of the products he sells in his shop (beans, rice, …), in order to increase his income.
In the forthcoming years, he would like to improve the place where he lives and see his children study.
Il fait le commerce de boutique (haricot riz,…) depuis 12 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 d’articles de sa boutique (haricot riz,…) à revendre pour gagner plus.
Dans les années à venir, il voudrait améliorer son logement 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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