Dieudonné has been selling beer, bread, and cows for five years. This is his first loan with Turame. With this Kiva-financed loan, he is going to increase his capital to buy a cow, which he will resell and earn more.
In the coming years, he would like to see his children go to school.
Il fait le commerce de la bière industrielle, du pain, et des vaches depuis 5 ans.
C’est son premier à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une vache, à revendre pour gagner plus.
Dans les années les prochaines, il voudrait 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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Success!! The loan was 100% repaid