Umoja Ni Nguvu 2 Group
Evariste is married to Adele and they have four children together, three of whom go to school. He himself attended five years of primary school.
Evariste started selling shoes three years ago. A loan of 250,000 Burundian francs will allow him to increase his working capital. He will stock up on shoes for resale in order to earn substantial profits.
Le crédit Kiva de 250,000 francs burundais qu’il obtient lui permet d’augmenter son capital en achetant beaucoup de souliers à revendre afin de réaliser de grands bénéfices.
Il est membre du groupe communautaire« UMOJA NI NGUVU 2».
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.
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Success!! The loan was 100% repaid