He has been trading in beans and dry cassava for the past five years.
This is his first credit loan with Turame. With the KIVA loan, he will increase his working capital and buy a large quantity of beans and dry cassava for resale, to earn more.
In coming years, he would like to become a wholesale trader.
Il fait le commerce de haricot et de manioc sec depuis 5 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 haricot et de manioc sec à revendre, pour gagner plus.
Dans les années prochaines, il voudrait devenir un commercant grossiste.
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