Check out other loans that are currently fundraising!
Umuco Ii Group
In this Group: Marceline, Mariam, Janviere, Alphonsine, Fifi, Julienne, Sara, Sophie, Amida, Modesienne, Rose, Emelyne, Margueritte, Gloriose, Cynthia, Sophie, Charles, Emelyne, Elie, Jean, Euphrasie, Annonciate, Odette, Nestor, Speciose, J Marie, Josephine, J Claude, Jeanine, Esperance, Meliane, David
Elie N. is a 30-year old merchant living in the Rugombo Community in the CIbitoke Province, in the East of Burundi. He sells beverage, a business he has been in for four years. He has stopped his schooling after the fifth grade of primary school. He is married and has five children, two of whom go to school. He is now on his fifth community loan with Turame.

He is seeking a loan from Kiva in order to increase his capital in purchasing large quantities of beverages for resale, which will allow him to grow his savings. He hopes that, with the savings made possible through this loan, he will be able to provide for the basic needs of his family and pay school fees for his children.
He is a member of the community group “Umuco II”.
View original language description ↓
Elie N. est un commerçant âgé de 30 ans qui habite la Commune Rugombo en Province Cibitoke à l’Ouest du Burundi. Il fait le commerce de boisson, un métier qu’il exerce depuis 4ans. Il a fréquenté l’école jusqu’en 5e année de l’école primaire. Il est marié et il a 5 enfants dont 2 sont a l’école. Il arrive au 5e cycle dans le crédit Communautaire avec Turame.

Il demande le crédit Kiva pour accroitre son capital en achetant de grandes quantités de boisson à revendre aux clients et ainsi pouvoir accroitre ses économies. Il espère qu’avec les économies réalisées avec ce credit, il pourra assurer les besoins élémentaires familiaux et payer la scolarité de ses enfants.

Il est un des membres du groupe communautaire« Umuco II»

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

  • $400
    Average annual income
  • 7
    View loans »
    Burundi Loans Fundraising
  • $4,090,025
    Funds lent in using Kiva
  • 1,218.0
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Umuco Ii Group's $4,250 loan helped a member increasing his capital by purchasing large quantities of beverages for resale, which will allow him to grow his savings.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2010
Listed
Nov 22, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011