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Faraja Group
In this Group: Joselyne, Sylvain, Virginie*, Joselyne*, Yvonne, Jacqueline, Kesia, Marie, Adele, Sylvane*, Salvator, Tharcisse, Vincent, Victor, Gerard, Wivine, Marc, Pascal, Kabwe, Boniface*, Desire, Jean, Odace, Desire, J. Marie, G. Alphonse, Innocent, Rose, Joselyne, Donatien*
* not pictured
Marc is a member of the Faraja group and lives in Bujumbura. He is 59 years old and is married to Marie, an orange vendor. They have 4 children together who range in age between 14 and 21 years of age. All their children go to school.

Mark has been making and selling soap for 25 years.

This is his second credit with Turame. With his KIVA credit, he will increase his capital and buy a large amount of raw materials (palm kernel oil, caustic soda, etc.) to make soap that he will sell later to earn more money.

Over the course of the next few years, he would like to develop his soap making work and open a clothing workshop.
View original language description ↓
Marc partie du groupe Faraja et habite à Bujumbura. Il a 59 ans et est marié à Marie, commerçante d’orange. Ensemble ils ont 4 enfants, âgés de 14 à 21 ans, tous étudient.

Il fait la fabrication et le commerce de savons depuis 25ans.

Il est à son deuxième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de matières premières (huile de noix de palme, soude caustique,…)pour la fabrication de beacoup de savons, à vendre pour gagner plus.

Dans les prochaines années, il voudrait développer le travail de fabrication de savon, ouvrir un atelier de couture.


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
  • 21
    View loans »
    Burundi Loans Fundraising
  • $4,437,600
    Funds lent in using Kiva
  • 1,385.0
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Faraja Group's $3,950 loan helped a member increase his capital and buy a large amount of raw materials (palm kernel oil, caustic soda, etc.), to make soap.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012