Check out some available loans that are similar to this one!
Ituyobore Group
In this Group: Laurent, Frederic, Emmanuel, Jean Marie
Laurent is a member of the Ituyobore group and lives in Bujumbura. He is 43 years old and married to Joselyne, a grower. Together they have 4 children ages 1 to 10 years, two of whom are in school.

Laurent has been in the board business for 20 years. He is on his second loan with Turame. With the loan proceeds he receives from KIVA, he will increase his capital and purchase many boards to resell and increase his profit.

In the coming years, Laurent would like to purchase a plot of land and to see his children continue their schooling.
View original language description ↓
Laurent fait partie du groupe Ituyobore et habite à Bujumbura. Il a 43 ans et est marié à Joselyne, une cultivatrice. Ensemble ils ont 4 enfants âgés de 1 à 10 ans, dont 2 étudient.

Il fait le commerce de planches depuis 20 ans.

Il est à son deuxième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup de planches à revendre pour gagner plus.

Dans les prochaines années, il voudrait acheter une parcelle et voir ses enfants continuer 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
  • 5
    View loans »
    Burundi Loans Fundraising
  • $4,185,100
    Funds lent in using Kiva
  • 1,521.2
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ituyobore Group's $2,650 loan helped a member increase his capital and purchase many boards to resell and increase his profit.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2013
Listed
Aug 25, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2014