He has been buying and selling rice for the past four years and this is his first loan from Turame. With the Kiva loan he is granted, he is going to increase his capital and buy a large quantity of rice to resell, so that he can earn more money.
In the coming years he would like to become a wholesale trader of rice and see his children through school.
Il fait le commerce de riz depuis 4 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 riz à revendre, pour gagner plus.
Dans les prochaines années, il voudrait être un commerçant grossiste de riz 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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