Dufatanemunda I Group
He attended 4 years of primary school. He is married to Claudine and they have three children, two of whom go to school.
Paul has been selling beans and rice for 10 years. He is also a farmer. The loan of 300,000 Burundian francs he is seeking through Kiva will allow him to increase his working capital and buy large quantities of beans and rice to sell and achieve substantial profits.
Le crédit Kiva de 300,000 francs burundais qu’il obtient lui permet d’augmenter son capital pour acheter de grandes quantités de haricots et du riz à revendre afin de réaliser de grands bénéfices.
Il est membre du groupe communautaire« DUFATANEMUNDA I»
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