Ferdinand is part of the group called Gifurwe and lives in Bubanza. He is 32 and is married to Pascasie, a merchant. Together they have five children, from 2 to 9 years of age, four of whom are school-going. He has been selling palm oil for 18 years.
This is his first loan with Turame. With the Kiva loan that he will obtain, he is going to grow his working capital and buy two jerrycans of palm oil to resell so as to earn more income.
In the years to come, he would like to build a nice house and send his children to school.
Ferdinand fait partie du groupe Gifurwe et habite à Bubanza. Il a 32 ans et est marié à Pascasie, une commerçante. Ensemble ils ont 5 enfants âgés de 2 à 9 ans, dont 4 étudient.
Il fait le commerce d’huile de palme depuis 18 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter 2 futs d’huile de palme à revendre pour gagner plus.
Dans les prochaines années , il voudrait construire une belle maison 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.