He's been selling baked bricks for the last two years. He is seeking his first loan from Turame.
With this Kiva loan, he will increase his working capital and buy a large quantity of firewood to make baked bricks to resell, in order to increase his income.
In the forthcoming years, he would like to build a house on his land lot and see his children study.
Il fait le commerce de briques cuites depuis 2 ans.
Il est à son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de bois de chauffage pour cuire les briques à revendre pour gagner plus.
Dans les prochaines années, il voudrait construire une maison dans sa parcelle 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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