He has been selling sweet potatoes and palm oil for the past three years. It is his first loan from Turame and with this Kiva loan he is going to increase his capital and buy a large quantity of sweet potatoes to resell and make more money.
In the coming years he would like to have a restauration business and see his children go to school.
Elle fait le commerce de patate douce et de noix de palme depuis 3 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 patates douces à revendre pour gagner plus.
Dans les prochaines années, il voudrait faire le commerce de restaurant 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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Success!! The loan was 100% repaid