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Rukundo Ii Group
In this Group: Melance, Gaspard, Frederic, Felicien
Melance is a member of the Rukundo II group and lives in Kayanza. He is 34 years old and is married to Potamie, a farmer. The couple have 5 children together, aged between 4 and 11 years old, 3 of whom study. He also takes care of his little brothers.

Melance has been selling products (e.g. rice, beans and salt) in a shop for 18 years. This is his 2nd loan with Turame. His Kiva-sponsored credit will increase his capital and he will buy many items to resell in his shop (e.g. shoes, beauty oil and clothing) so that he can earn more money. In the coming years, he would like to buy a plot of land and build a house on it, and watch his children finish their studies.
Melance fait partie du groupe Rukundo II et habite à Kayanza.Il a 34 ans et est marié à Potamie, une cultivatrice. Ensemble ils ont 5 enfants, âgés d e 4 à 11 ans, dont 3 étudient.
Il prend soin ses petits frères.

Il fait le commerce de boutique(riz, haricot, sel,…) depuis 18 ans.

Il est à son deuxième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup d’articles de boutique(souliers,huile de beaute, habits,…) à revendre,pour gagner plus.

Dans les prochaines années il voudrait acheter une parcelle et y construire une maison, voir ses enfants terminer les études.

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
  • 2
    View loans »
    Burundi Loans Fundraising
  • $3,953,000
    Funds lent in using Kiva
  • 1,390.0
    Burundi Francs (BIF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Rukundo Ii Group's $2,600 loan helped a member to buy items for his shop; shoes, beauty oil, clothing, etc.
99% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2012
Listed
Jun 5, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013