He sells pagnes [traditional cloth wraps] and has worked as a tailor for 10 years.
This is his first loan through Turame. With his Kiva loan, he will increase his capital and buy two sewing machines to serve more customers in order to make more money.
In the coming years, he would like to buy an embroidery machine.
Il a sous sa charge 2 personnes.
Il fait le commerce des pagnes et le métier de tailleur depuis 10 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter 2 machines à coudre pour servir beaucoup de clients afin de gagner plus.
Dans les prochaines années, il voudrait acheter une machine à broder.
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