He has been running a shop business (selling beans, rice, soap,..) for the past two years.
This is his first loan from Turame. With the Kiva loan he is going to increase his capital and buy 30kg of rice, 20kg of beans, 25kg of salt and 25kg of cornflour to resell in his shop and make more money.
In the coming years he would like to plant trees and see his children study.
Il fait le commerce de boutique (haricot, riz, savon,…) depuis 2 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter 30 kg de riz, 20 kg de haricot, 25 kg de sel et 25 kg de farine de maїs à revendre dans sa boutique pour gagner plus.
Dans les prochaines années, il voudrait planter les arbres 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.
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