Virginie is a member or the Banguka I Group and lives in Gitega. She is 45 years old and is married to Berchmans, a shopkeeper selling staple foods. Together, they have six children who attend school.
Virginie has been selling bananas and flour for 20 years. She is on her twelfth loan with Turame. With the Kiva loan she will obtain, she is going to increase her capital by purchasing a large quantity of bananas to sell and begin a second business selling flour, in order to earn more.
Virginie fait partie du groupe Banguka I et habite à Gitega. Elle a 45 ans et est mariée à Berchmans, un commerçant de produits vivriers. Ensemble, ils ont 6 enfants qui étudient.
Elle fait le commerce de bananes et de farine depuis 20 ans.
Elle est à son douzième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital en achetant une grande quantité de bananes, à revendre, et introduire une deuxième activité : la vente de farine, pour gagner plus.
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.
A portion of Banguka I Group's $3,875 loan helped a member to increase her capital by purchasing a large quantity of bananas to sell and to begin a second business selling flour, in order to earn more.