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Vugukuri Group
In this Group: Éliane, Suzane, Monique, Augustine, Esperance, Caritas, Zainabu, Caritas, Belyse, Odette, Aloys, Caritas, Ranguide, Francine, Liliane, Bonaventure, Esperance, Therese, Esperance, Concilie, J Bosco*, Consolate, Caritas, Beatrice, Emelyne, Julien, Leonidas*, Feza, Gonzague, Sylvere, Spes*, Gloriose, Judith, Alphonsine, Annonciate
* not pictured
Éliane is the president of Vugukuri Group.

Here follows the business description of Aloys, the highlighted member of the group. He is a 56-year-old merchant living in the neighborhood of Kanyosha in the municipality of Bujumbura. He has been selling palm oil for three years. In addition, he is a plumber. He is widowed and the father of two children, aged 26 and 24. His eldest daughter is studying. Aloys himself did not attend school.

He will use his share of 200,000 Burundi francs in the group loan to increase his working capital. He will buy more palm oil for resale and make a big profit.

Aloys is a member of Vugukuri Community Group.
View original language description ↓
Aloys est un commerçant âgé de 56ans qui habite au Quartier Kanyosha en Mairie de Bujumbura. Il fait le commerce d’huile de palme depuis 3ans. Il est en même temps plombier. Il est veuf avec 2 enfants âgés de 26ans et 24ans. L’ainée étudie. Il n’a pas fréquenté l’école.

Son crédit de 200,000frans burundais va contribuer à augmenter son capital et agrandir la quantité d’huile de palme à revendre afin de réaliser de grands bénéfices.

Il est membre du groupe Communautaire« VUGUKURI».

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
  • 1,218.0
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Vugukuri Group's $4,275 loan helped a member to increase his supply of palm oil for resale and make a big profit.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2011
Listed
Jun 28, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011