Sharthiel has been doing commerce in palm oil for ten years.
He is on his third Turame loan. With the KIVA loan he is obtaining, he is going to increase his capital and purchase a large amount of palm oil to resell in order to earn more.
In the coming years, he would like to purchase a parcel of land and see his children go to school.
Il fait le commerce d’huile de palme depuis 10 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’huile de palme à revendre pour gagner plus.
Dans les années à venir, il voudrait acheter une parcelle 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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Success!! The loan was 100% repaid