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Ubumwe Ii Group
In this Group: Jeannette, Pelusi, Pascasie, Annonciate, Nestor, Etienne, Anatholie, Domitile, Francine, Jeanne, Angelique, Christine, Ilene, Cassilde, Jacqueline, Aimable, Odette, Aline, Jeanine, Elizabeth, Dorothee, Jacqueline, Marie, Aline, Helene, Valerie, Marceline, Maurice, Pontien, Constance, Pauline
Francine N. is a 22-year old merchant who lives in the town of Rugombo, Cibitoke Province, in western Burundi. She runs a business selling sorghum, which is used to produce local beer. She begin this business almost 2 years ago. She is married to Thiery D., a farmer, and together they have 2 young children (3 years old and 1 year 8 months old): a boy and a girl.

She is seeking this loan through Kiva to increase her capital by buying large quantities of sorghum for resale in order to realize large profits. She particularly prefers loans through Turame and Kiva because the repayments are staggered and also because the interest rates are accessible to small retailers.

She is a member of the community group "Ubumwe II."
Francine N. est une commerçante âgée de 22ans qui habite en Commune Rugombo de la Province de Cibitoke à l’Ouest du Burundi. Elle fait le commerce du sorgho qui sert a la production de la bière locale. Elle a commence ce métier depuis bientôt 2 ans. Elle est mariée a Thiery D., un cultivateur, et ont ensemble 2 enfants de petit âge (3ans et 1an 8mois) : un garçon et une fillette

Elle demande le crédit Kiva pour augmenter son capital en achetant de grandes quantités du sorgho à revendre pour réaliser de grands bénéfices. Elle a une préférence particulière pour le crédit Turame-Kiva du fait que les remboursements se font en tranches mais aussi avec un taux d’intérêt accessible pour les petits commerçants.

Elle est membre du groupe Communautaire« Ubumwe 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

  • $600
    Average annual income
  • 26
    View loans »
    Burundi Loans Fundraising
  • $4,439,725
    Funds lent in using Kiva
  • 1,222.0
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ubumwe Ii Group's $4,725 loan helped a member to increase her capital by buying large quantities of sorghum for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2011
Listed
Mar 25, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011