This is his first loan with Turame. With this Kiva loan he plans to increase the capital of his business by buying seven cases of Amstel beer, which he will resell for a profit.
In the coming years, Fulgence would like to open a small store, and he would like to see his children go to school.
Il fait le commerce de bière depuis 10 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter 7 caisses de bière Amstel à revendre pour gagner plus.
Dans les prochaines années, il voudrait ouvrir une petite boutique 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