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Mwizero K1 Group
In this Group: Pascasie, Chantal, Esperance, Capitoline, Jacqueline, Bernadette, Rose, Agnes, Fredine, Pascasie, Beatrice, Alice, Francine*, Judith
* not pictured
Rose is 38 years old. She is a retailer and lives in Mutanga neighborhood, in the town of Bujumbura. She has been selling a range of food products (beans, rice, flour, etc.) for 4 years. Before starting this business she used to sell palm oil. Rose studied up to the 8th year of secondary school. She is a widow and has three children who are in school.

Rose will use her loan for 400,000 Burundian francs to increase her capital and buy large quantities of food products (beans, rice, flour, etc.) to re-sell and make good profits. She is a member of the 'Mwizero 1' community bank.
View original language description ↓
Rose est une commerçante âgée de 38ans qui habite au Quartier Mutanga de la Ville de Bujumbura. Elle vend divers produits vivriers(haricot, riz, farine,etc.) depuis 4ans. Elle vendait l'huile de palme avant de commencer cette activite.Elle a fait ses études jusqu’en 8e année de l'ecole secondaire. Elle est veuve et mere de 3 enfants qui etudient.
Le crédit Kiva de 400,000 francs burundais qu’elle obtient lui permet d’augmenter son capital pour acheter de grandes quantités de produits vivriers (haricot, riz, farine, etc) à revendre afin de réaliser de grands bénéfices.

Elle est membre du groupe communautaire« MWIZERO 1».

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
  • 15
    View loans »
    Burundi Loans Fundraising
  • $4,142,400
    Funds lent in using Kiva
  • 1,217.0
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mwizero K1 Group's $3,575 loan helped a member to increase her capital to buy large quantities of food (beans, rice, flour, etc.) to re-sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2011
Listed
Oct 21, 2011
Currency Exchange Loss:
Possible
Ended:
May 22, 2012