He has been selling tomatoes and palm oil for eight years.
This is his first loan from Turame. With the Kiva credit that he requests, he will increase his capital and purchase a bigger quantity of tomatoes and several litres of palm oil for resale, to earn more.
In the coming years, he would like to take up cattle farming and see his children continue their studies.
Il fait le commerce de tomates et de l’huile de palme, depuis 8 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de tomates et beaucoup de litres d ’huile de palme à revendre pour gagner plus.
Dans les prochaines années, il voudrait faire l’élevage de vaches 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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