He has been in the meat business for 25 years.
This is his second credit loan with Turame. With the KIVA loan he obtains, he will increase his capital and buy a cow to be slaughtered in order to sell a large quantity of meat, and earn more.
In years to come, he would like to buy a plot of land and see his children pursue their education up to university level.
Il fait le commerce de viande depuis 25 ans.
Il est à son deuxième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une vache à abattre afin de vendre une grande quantité de viande, pour gagner plus.
Dans les années à venir, il voudrait acheter une parcelle et voir ses enfants continuer leurs études jusqu'à l’université.
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