He has been trading industrial beer and lemonade for the past eight years.
He is on his second credit loan with Turame. With the KIVA loan, he will increase his working capital and buy many cases of beer and lemonade to sell, to earn more.
In coming years, he would like to buy plots of land and see his children study.
Il fait le commerce de bière industrielle et de la limonade depuis 8 ans.
Il est à son deuxième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup de caisses de bière et de limonade à revendre, pour gagner plus.
Dans les années prochaines, il voudrait acheter des parcelles 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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