He is a tailor and has been selling pagnes (traditional wrap arounds) for seven years.
This is his first loan with Turame. With the Kiva loan he receives, he will increase his capital and buy six pagnes to resell in order to earn more.
In the next few years, he would like to have a fabric store, sell fish, and see his children study.
Il est tailleur et fait le commerce de pagnes depuis 7 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter 6 paires de pagnes à revendre pour gagner plus.
Dans les prochaines années, il voudrait avoir un magasin de tissus, faire le commerce des poissons 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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