Cyriaque has been in business selling store goods (beans, rice, sugar…) and banana drinks for five years.
He is on his fourth loan at Turame. The KIVA loan he is obtaining, in addition to the money he will derive from selling rice, is going to enable him to purchase a plot of land. He will keep some capital to continue his business.
In the coming years, he would like to purchase a plot of land and build a house made of fired bricks.
Il fait le commerce de boutique (haricot, riz, sucre, …) et de boisson de banane depuis 5 ans.
Il est à son quatrième crédit à Turame. Le crédit KIVA qu’il obtient, en plus de l’argent qu’il va tirer de la vente du riz, va lui permettre d’acheter une parcelle. Il gardera un capital pour continuer son commerce.
Dans les prochaines années, il voudrait acheter une parcelle et construire une maison en briques cuites.
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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