He has been running a general store selling soap, salt, palm oil, etc. for 15 years. He is on his second loan from Turame. With the Kiva loan that he hopes to receive, he will grow his working capital and buy a large quantity of items for his store (soap, salt, palm oil, etc.) for resale so he can earn more.
In the years to come, he would like to see his children continue their studies and lead joyful lives.
Il fait le commerce de boutique (savon, sel, huile de palme,…) depuis 15 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 (savon, sel, huile de palme,…) à revendre pour gagner plus.
Dans les années à venir il voudrait que ses enfants continuent les études et mènent joyeuse vie.
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