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Faraja Group
In this Group: J. Claude, Innocent, Joselyne, Virginie
Faraja Group comprises four members, two men and two women, who are all victims of the fire at the Central Market in Bujumbura. In the photograph, two women, Josélyne et Virginie, who couldn't be there are represented by their respective husbands, Célestin and Réverien.

J.-Claude was chosen as the group's leader. He's been a client of Turame since 2012. He lives in Bujumbura and he's married to Claudine. Together, they have two children, age 1 and 5. One of them goes to school. J.-Claude also has his sister, a student, to support.

He used to sell clothing at the Central Market in Bujumbura. He lost merchandise valued at BIF 2'000'000 (ca US$ 1'300) in the fire. With this Kiva loan, he will rebuild his working capital and buy clothing to resell, in order to continue earning a living.
View original language description ↓
Les membres du groupe Faraja victimes de l'incendie du marché central de Bujumbura, sont composés de 2 femmes et 2 hommes.Sur la photo,deux femmes Josélyne et Virginie empêchées, sont représentées par leurs maris respectifs Célestin et Réverien.

J Claude est choisi comme chef de groupe. Il est client de Turame depuis 2012.Il habite à Bujumbura. Il est marié à Claudine. Ensemble ils ont 2 enfants, âgés de 1 à 5 ans, dont 1 étudient.
Il a sous sa charge sa sœur qui étudie.

Il faisait le commerce des habits au marché central de Bujumbura. Il a perdu des marchandises d’une valeur de 2 000 000Fbu (1282,05$) par l’incendie.

Avec le crédit KIVA qu’il obtient, il va reconstituer son capital en achetant des habits à revendre, pour continuer de gagner sa vie.


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
  • 2
    View loans »
    Burundi Loans Fundraising
  • $3,953,000
    Funds lent in using Kiva
  • 1,560.0
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Faraja Group's $600 loan helped a member to buy clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2013
Listed
Apr 8, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014