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Grace I Group
In this Group: Charlotte, Jacqueline, Beatrice, Suzane, Zainabu, Emelyne, Monique, Boniface, Mawazo*, Wasule, Valentina, Oda, Francine*, Lucie, Flora*, Pierre, Lulu, Aline*, Guy, Yannick, Edouard, Johari, Saleh
* not pictured
Pierre is a 61 year old business man living in the neighborhood of Bwiza of the Townhall of Bujumbura in Burundi. He has been buying and re-selling health products (nutrition) for the past 3 months. Previously, he sold electricity materials such as wires, plugs, shunt boxes, etc. He attended school and earned an A2 Diploma as an Mechanical Electrician. He is married to Flora and together they have six children, 5 of whom have already finished school and 1 who is still in school. He is obtaining this Kiva loan in order to increase his capital and purchase more health products to re-sell, thereby increasing his profits. He is a member of the community group "Grace 1".
View original language description ↓
Pierre est un commerçant âgé de 61ans qui habite au Quartier Bwiza de la Mairie de Bujumbura. Il fait le commerce de détail pour les produits de sante (nutrition) depuis 3 mois. Il faisait le commerce des articles électriques comme les fils électriques, les prises, boites de dérivation…avant de commencer cette activité. Il a fait ses études secondaires techniques jusqu'à l’obtention du Diplôme A2 en Electromécanique. Il est marie a Flora et ont ensemble 6 enfants dont 1 reste a l’école et les autres ont déjà termine leurs études.
Le crédit Kiva qu’il obtient lui permet d’augmenter son capital pour acheter beaucoup de produits de sante (nutrition) à revendre afin de réaliser de grands bénéfices et accroitre ses économies.

Il est membre du groupe communautaire« Grace 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

  • $600
    Average annual income
  • 18
    View loans »
    Burundi Loans Fundraising
  • $4,421,000
    Funds lent in using Kiva
  • 1,223.0
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Grace I Group's $4,800 loan helped a member increase capital in order to purchase more products for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 19, 2012