Oscar has been running a store (palm oil, beans, rice, …) for six years. He is on his third Turame loan. With the KIVA loan he is obtaining, he is going to increase his capital and purchase many goods for his store (palm oil, beans, rice, …) to resell, so as to earn more.
In the coming years, he would like to build house annex on his plot of land and to see his children educated.
Il fait le commerce de boutique (huile de palme, haricot, riz,…) depuis 6 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 (huile de palme, haricot, riz,…) à revendre pour gagner plus.
Dans les prochaines années, il voudrait construire une maison annexe dans sa parcelle et voir ses enfants étudier.
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.
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