He has been selling shop products (beans, soap..) for the past 12 years and is on his second loan from Turame. With the Kiva loan he is granted, he is going to increase his capital and buy 50 kilos of rice and 70 kilos of beans, which he will resell to earn more money.
In the coming years he would like to see his children through school.
Il fait le commerce de boutique (haricot, savon,…) depuis 12 ans.
Il est à son deuxième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter de 50 kilos de riz et 70 kilos de haricot à revendre pour gagner plus.
Dans les prochaines années, il voudrait voir se 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