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Faida Group
In this Group: Cecile, Anne, Alima, Francine, Spes Caritas, Helene, Libert, Trifaine, Spes, Ernestine, Gloriose, Joselyne, Cesarie, Manasse, Addja, Odette, Alexine, Claudine, Celenie, Noella, Kennedy, Gerard, Consolate, Janviere, Claude, Perusi, Zainabu, Neema, Marie, Edith, Ashura
Cécile-Elide N., 32, is a businesswoman who lives in the township of Kinama in the Town Hall neighborhood of Bujumbura. She has a shop where she sells various products--foodstuffs, cosmetics, and other small articles. She has been in this line of work for 5 years. She attended secondary school and got a diploma A2 in business management. Her husband, Kennedy N., is a driver. She is on her second Turame loan.

Cécile-Elide has four children, a son and three daughters, but she is also raising three other children who are close relatives.

She is requesting the Kiva loan to buy larger quantities of items she sells to her customers. This will allow her to earn more profit so that she can put aside savings and grow her business. She hopes to become a wealthy merchant, able to import goods, to buy her own house and her own car. She also hopes that her children will finish school successfully and lead a more comfortable life. She has always preferred Turame loans over those of other financial institutions because the interest rate is lower.

Cécile-Elide is a member of the community group called « Faida ».
View original language description ↓
Cécile-Elide N. est une commerçante âgée de 32 ans qui habite la Commune de Kinama en Mairie de Bujumbura. Elle a une boutique dans laquelle on trouve divers produits comme les produits alimentaires, les produits de beauté et autres petits articles. C’est un métier qu’elle exerce depuis 5 ans. Elle a fait ses études secondaires avec un diplôme A2 en Gestion . Son époux, Kennedy N., est un chauffeur. Elle arrive au 2e cycle avec le crédit de Turame.

Elle a 4 enfants : un garçon et 3 filles mais aussi prend en charge 3 autres enfants de sa famille proche.

Elle demande le crédit Kiva pour acheter de plus grandes quantités d’articles de boutique à revendre aux clients ; ce qui lui permettra d’acquérir une plus grande capacité de générer du bénéfice pour faire ses épargnes et accroitre son business. Elle a l’espoir de devenir une riche commerçante capable de faire le commerce d’import et être à mesure d’acheter sa propre maison et sa propre voiture et que ses enfants finiront les études avec succès et mener une vie meilleure. Elle a toujours préfère le crédit Turame aux autres institutions financières car le taux d’interet est le plus bas.

Elle est une des membres du groupe communautaire « Faida »

Additional Information

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.

About Burundi

  • $600
    Average annual income
  • 1
    View loans »
    Burundi Loans Fundraising
  • $4,281,900
    Funds lent in using Kiva
  • 1,205.0
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Faida Group's $3,050 loan helped a member buy bigger quantities of the articles she sells to her customers.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2010
Listed
May 18, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010