Israel has been running a basic goods store (beans, rice, soap etc) for one year. This is his first loan from Turame. With the Kiva loan, he will bolster his capital and buy a large quantity of beans, rice, soap etc for resale, in order to earn more. In the years to come, he would like to open a second store and see his children receive an education.
une cultivatrice. Ensemble ils ont 6 enfants âgés de 3 à 17 ans, dont 5 étudient.
Il fait le commerce de boutique (haricot, de riz, de savon,…) depuis 1 an.
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 haricot, de riz, de savons,... à revendre, pour gagner plus.
Dans les années prochaines, il voudrait ouvrir une deuxième 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.
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