Tujijure I Group
Sylvestre has attended school and reached the 6th grade. He is married to Mélanie, and together they have eight children. Five of the children are in school.
The Kiva loan of 440,000 Burundi francs that he obtained has enabled him to increase his capital to buy large amounts of local beer to resell, so as to make a large profit and to increase his savings. Thus, he can cover his essential expenses, in this case, the costs of his children's schooling.
Le crédit Kiva de 440,000 francs burundais qu’il obtient lui permet d’augmenter son capital pour acheter de grandes quantités de bière locale à revendre afin de réaliser de grands bénéfices et accroitre ses économies pour subvenir a ses besoins essentiels en l’occurrence les frais de scolarité de ses enfants.
Il est membre du groupe communautaire« Tujijure 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