He has been selling clothing for three years. He is on his sixth credit with Turame. With this Kiva loan, he is going to bolster his capital and buy a lot of clothing to resale, so as to increase his revenues.
In the years to come, he would like to buy a building plot, thanks to his business revenues.
Il fait le commerce d’habits depuis 3 ans.
Il est à son sixième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup d’habits à revendre, pour gagner plus.
Dans les prochaines années, il voudrait acheter une parcelle et la bâtir, grâce aux bénéfices de son commerce.
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