Rémy has been running a shop ([selling] rice, beans, palm oil...) for 4 years.
He is on his fifth loan with Turame. And with this Kiva-financed loan he's going to increase his capital and buy goods (rice, beans, palm oil,...) to resell for profit.
In the next few years, he would like to buy a plot of land and see his children go to school.
Il fait le commerce de boutique (riz, haricot, huile de palme,...) depuis 4 ans.
Il est à son cinquième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup d’articles de sa boutique (riz, haricot, huile de palme,...) à revendre pour gagner plus.
Dans les prochaines années, il voudrait acheter une parcelle 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.
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