Daniel has been a clothing merchant for the past 14 years. This is his first loan with Turame. With the loan he receives from KIVA, he plans to increase his capital and buy six dozen sets of clothing that he will sell to earn more income.
In the coming years, he would like to buy a plot of land and see his children continue their studies.
Il a sous sa charge 1 enfant qui étudie, membre de sa famille élargie.
Il fait le commerce des habits depuis 14 ans.
C’est premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter 6 douzaines d’habits, à revendre pour gagner plus.
Dans les prochaines années, il voudrait acheter une parcelle et voir ses enfants continuer 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