He has been in the business of selling palm oil for 19 years. He is on his eighth loan with Turame. With the Kiva loan he obtains, he will increase his business capital and rent a palm tree field, in order to have a large quantity of palm nuts to produce a large quantity of palm oil to resell, in order to increase his profits.
In the coming years, Yanuary would like to purchase a field to farm and to see his children educated.
Il prend soins de sa sœur.
Il fait le commerce de l’huile de palme depuis 19 ans.
Il est à son huitième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et louer un champ de palmerais, pour avoir une grande quantité de noix de palme afin de produire une grande quantité d’huile de palme à revendre, pour gagner plus.
Dans les prochaines années, il voudrait acheter un terrain de cultivable 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.
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