He has been selling beignets for 14 years. This is his first loan with Turame. With the Kiva loan, he will increase his capital and buy a lot of flour (8 sacks) so that he can have a lot of beignets that he can resell to earn more.
In the next few years, he would like to buy a motorbike and see his children finish their schooling.
Il a sous sa charge 2 enfants qui étudient, membres de la famille élargie
Il fait le commerce de beignets depuis 14 ans.
C’est premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter 8 sacs de farine pour avoir beaucoup de beignets à revendre pour gagner plus.
Dans les prochaines années, il voudrait acheter une moto et voir ses enfants terminer les études.
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