He is on his fifth loan with Turame. Thanks to the Kiva loan, he will bolster his capital and stock up on faucets, electric wires, sinks etc for resale, so as to increase his earnings.
Il fait le commerce de tuyaux,de fils électriques, de lavabos,… depuis 23ans.
Il est à son cinquième crédit à Turame. Avec le crédit Kiva qu’il obtient, il va augmenter son capital et acheter beaucoup de tuyaux, de fils électriques, de lavabos,… à revendre pour gagner plus.
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