Nestor has been selling clothes for five years. This is his fourth loan from Turame. With his Kiva loan, he will increase his capital and buy a large quantity of clothes to resell in order to earn more.
In the next few years, Nestor would like to start rearing large cattle (cows and pigs) and see his children study.
Il fait le commerce des habits depuis 5 ans.
Il est à son quatrième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup d’habits à revendre pour gagner plus.
Dans les prochaines années, il voudrait faire l’élevage du gros bétail (vaches et porcs) 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.
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