Misigaro has been selling goats for nineteen years. This is his first loan with Kiva's partner, Turame. He will use it to increase his working capital and buy many goats, in order to earn more.
In the forthcoming years, he would like to have three points of sale and see his children go to school.
Il fait le commerce de chèvres depuis 19 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup chèvres à revendre pour gagner plus.
Dans les prochaines années, il voudrait avoir 3 points de vente et voir les 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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