Normand has been selling food products such as beans and rice for five years.
This is his first loan with Turame. With this loan, which he is receiving from KIVA, he will increase his capital and buy a large quantity of beans for resale in order to increase his earnings.
In the coming years, he would like to see his children graduate from school.
Il fait le commerce de boutique (haricot, riz,…) depuis 5 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de haricot à revendre pour gagner plus.
Dans les années à venir, il voudrait voir ses enfants diplômés.
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