Tubandanye Ii Group
Simon has been buying and selling peas, bell peppers and leeks for fifteen years. He's seeking his second loan from Kiva's partner, Turame. He will use it to bolster his working capital and buy a large amount of peas, bell peppers, and leeks to resell, in order to increase his income.
Il fait le commerce de petits pois, poivrons, et poireaux depuis 15 ans.
Il est à son deuxième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de petit pois, poivrons et poireaux à revendre pour gagner plus.
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