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Magara Group
In this Group: Vincent, Victoire, Anicet, Gertrude, François, Ezéchiel, Isaac, Francine, Marthe, Pascal, Généviève, Asteline, Géovanie, Catherine, Vivina, Nicole, Tharcisse, Emmanuel, Jérôme, Emmanuel, Pascasie, Alexis, Laurent, Théodore, Béatrice, Claver, Chadrack, Véronique, Samuel, Asha, Pie, Sylvie
Vincent is a member of the Magara group and lives in Bujumbura. He is 41 years old and is married to Caritas. Together, they have four children between the ages of 7 and 15. Three of them go to school. He has two dependent children who go to school who are members of the extended family.

He has been selling beignets for 14 years. This is his first loan with Turame. With the Kiva loan, he will increase his capital and buy a lot of flour (8 sacks) so that he can have a lot of beignets that he can resell to earn more.

In the next few years, he would like to buy a motorbike and see his children finish their schooling.
View original language description ↓
Vincent fait partie du groupe Magara et habite à Bujumbura. Il a 41 et est marié à Caritas. Ensemble ils ont 4 enfants âgés de 7 à 15 ans, dont 3 étudient.
Il a sous sa charge 2 enfants qui étudient, membres de la famille élargie

Il fait le commerce de beignets depuis 14 ans.

C’est premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter 8 sacs de farine pour avoir beaucoup de beignets à revendre pour gagner plus.

Dans les prochaines années, il voudrait acheter une moto et 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
  • 4
    View loans »
    Burundi Loans Fundraising
  • $4,116,725
    Funds lent in using Kiva
  • 1,550.0
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Magara Group's $3,075 loan helped a member increase his capital and buy a lot of flour (8 sacks).
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2013
Listed
Nov 13, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014