Léonidas has sold rice for six years. This will be his first loan with the field partner, Turame. He will use his loan to increase his working capital and buy many kilos of rice for resale. In this way, he expects to increase his earnings.
In the future, Léonidas would like to build a solid and long-lasting house, and provide for his children's schooling.
Il fait le commerce du riz depuis 6 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup de kg de riz à revendre pour gagner plus.
Dans les prochaines années, il voudrait construire une maison en matériaux durables 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