This is his first Turame loan. With the KIVA loan he is obtaining, he is going to increase his capital and purchase 50 kg of rice, 50 kg of beans, and a case of lemonade drinks to resell, so as to earn more.
In the coming years, he would like to have his own house and family.
Il fait le commerce de boutique (riz, limonade, lait,…) depuis 8 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter 50kg de riz, 50 kg de haricot et une caisse de limonades, à revendre pour gagner plus.
Dans les prochaines années, il voudrait avoir sa propre maison et sa famille.
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