Floribert has been doing commerce in clothing and shoes for fifteen years.
This is his first Turame loan. With the KIVA loan he is obtaining, he is going to increase his capital and purchase large amounts of clothing and shoes to resell, so as to earn more.
In the coming years, he would like to build a nice house, purchase a car to go from place to place, and see his children educated.
Il fait le commerce des habits et des chaussures depuis 15 ans.
Il est à son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup d’habits et de chaussures à revendre pour gagner plus.
Dans les prochaines années, il voudrait construire une belle maison, acheter une voiture de déplacement 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