He has been selling products in a shop (rice, salt, soap) for the past four years, and is on his third loan from Turame. With the KIVA loan that he is granted, he will increase his capital and buy a large quantity of products for his shop (rice, salt, soap) that he will resell in order to make more money.
In the coming years he would like to get his vehicle going again and see his children graduate from school.
Il a sous sa charge son petit fils.
Il fait le commerce de boutique (riz, sel savon,…) depuis 4 ans.
Il est à son troisième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup d’articles de sa boutique (riz, sel, savon,…), à revendre, pour gagner plus.
Dans les prochaines années , il voudrait remettre en activité son véhicule, et 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