Ferdinand is a 46-year-old storekeeper who lives in the town of Bukirasazi, within the province of Gitega in the center of the country. He has sold food staples like coffee, beans, potatoes and bananas for 28 years. He is also a farmer. He did not go to school. He is married and a father; five of his children go to school.
The Kiva loan of 130,000 B. francs that Ferdinand is seeking will allow him to increase his capital in order to buy a large quantity of food staples, such as coffee, beans, potatoes and bananas so that he can resell them in order turn a large profit.
Ferdinand is a member of the Tubemaso community group.
Ferdinand est un commerçant âgé de 46ans qui habite la localité de Bukirasazi de la Province de Gitega au centre du pays. Il vend des produits vivriers comme le café, le haricot, les pommes de terre et les bananes depuis 28ans. Il est aussi cultivateur. Il n’a pas fréquenté l’école. Il est marié et père de enfants dont 5qui étudient.
Le crédit Kiva de 130,000 francs burundais qu’il obtient lui permet d’augmenter son capital pour acheter une grande quantité de produits vivriers comme le café, le haricot, les pommes de terre et les bananes à revendre afin de réaliser de grands bénéfices.
Il est membre du groupe communautaire« TUBEMASO».
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.
A portion of Tubemaso Group's $2,300 loan helped a member to increase their capital and buy a large quantity of food staples - such as coffee, beans, potatoes and bananas - to resell in order to make a large profit.