He has run a business selling palm oil for 25 years.
He is on his second loan with Turame. With the Kiva credit he obtains, his is going to increase his capital and buy a large quantity of palm oil (25 cans, each of 20 litres) for resale in order to earn more.
In the coming years, he would like to buy a field of oil palms and see his children educated.
Il fait le commerce d’huile de palme depuis 25 ans.
Il est à son deuxième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité d’huile de palme(25 bidons de 20 litres chacun) à revendre pour gagner plus.
Dans les prochaines années, il voudrait acheter des champs de palmiers à huile 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.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
17View loans »
Success!! The loan was 100% repaid