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Anonymous Group
In this Group: Anonymous, Anonymous, Anonymous, Anonymous
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Additional Information

More information about this loan

This borrower was directly impacted by the recent fire at the Bujumbura Central Market in Burundi. Many people lost everything. Accordingly, Turame Community Finance is postposing repayment on existing loans for some of its clients affected by the fire, and is offering them additional capital to relaunch their businesses. Because these clients will be rebuilding from the ground up during a period of economic stress, these loans may carry additional risk. 

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
  • 1
    View loans »
    Burundi Loans Fundraising
  • $3,953,050
    Funds lent in using Kiva
  • 1,565.0
    Burundi Francs (BIF) = $1 USD
Ended with Loss - Defaulted
A portion of Anonymous Group's $450 loan helped a member replenish her capital by buying clothes for resale.
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Mar 22, 2013
Currency Exchange Loss:
Possible
Defaulted:
May 8, 2014