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Umuco I Group
In this Group: Lea, Astere, M Chantal, Genevieve, Joselyne, Agnes*, Alice, Floride, Mediatrice, Emmanuel, Gloriose, Ancille, Diane, Josephine, Pascasie, Robertine*, Valerie*, Suavis Jeanine*, Agathe, Theodorine, Sylvane, Leonard, Adidja, Pelagie*, M Therese, Celine, Alvera, Alice, Marceline
* not pictured
Astere is a 62 year-old merchant who lives in the country heartland, in the city of Gitega. He has been in the coffee and avocado trade for twenty years, while at the same time being a farmer. He is divorced with no kids. He didn't go to school.
The Kiva loan of 200,000 Burundi francs that he is getting allows him to increase his capital to purchase large quantities of coffee and avocados to retail for great profits.

He belongs to the community group "Umuco".
View original language description ↓
Astere est un commerçant âgé de 62ans qui habite au centre du pays dans la ville de Gitega. Il est membre du groupe communautaire« UMUCO». Il fait le commerce du café et des avocats depuis 20 ans et il est en même temps cultivateur. Il est divorce et n’a pas d’enfants. Il n’a pas fréquenté l’école.
Le crédit Kiva de 200,000 francs burundais qu’il obtient lui permet d’augmenter son capital pour acheter de grandes quantités de café et des avocats à revendre afin de réaliser de grands bénéfices.


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
  • 5
    View loans »
    Burundi Loans Fundraising
  • $4,185,100
    Funds lent in using Kiva
  • 1,216.0
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Umuco I Group's $2,425 loan helped a member to increase his capital to buy large quantities of coffee and avocado to retail and make great profits.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2011
Listed
Jun 27, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011