J. Luc has been selling dried cassava for six years. This will be his first loan with the field partner, Turame. He will use his Kiva loan to increase his business capital, and buy a large quantity (200 kgs) of dried cassava for resale. In this way, J. Luc hopes to increase his earnings.
In the future, J. Luc would like to buy a plot of land, and see his children study.
Il fait le commerce de manioc sec depuis 6 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de manioc sec (200kg) à revendre pour gagner plus.
Dans les prochaines années, il voudrait acheter une parcelle 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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