Elie has been doing commerce for five years in rice, beans, … to resell cooked in his restaurant.
This is his third Turame loan. With the KIVA loan he is obtaining, he is going to increase his capital and purchase 80 kg of beans and a 20-liter container of palm oil.
In the coming years, he would like to build a house to rent out.
Il fait le commerce de riz, haricot,... à revendre cuits dans son restaurant depuis 5 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter 80 kg de haricot et un bidon de 20litres d’huile de palme.
Dans les prochaines années, il voudrait construire des maisons de location.
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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