He's been selling beer and lemonades for elven years, and is now seeking his third loan from Kiva's partner, Turame. With this loan, he will bolster his working capital and buy many cases of beer and lemonade, in order to increase his income.
The earning generated by his business enabled him to buy cultivable lands and build a house. In the forthcoming years, he would like to see his children study.
Il fait le commerce de bière et de limonade depuis 11ans.
Elle est à son troisième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup de caisses de bière et de limonade à revendre pour gagner plus.
Le gain de son commerce lui a permis d’acheter des terrains cultivables, et a construit une maison. Dans les années à venir, il voudrait 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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Success!! The loan was 100% repaid