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Ubumwe Group
In this Group: Christine, Jonas, Vénérande, Athanase, Emmanuella, Eric*, Viator, Odette, Vital, Nestor, Sylvestre, Claver, Rémégie, Jacqueline, Léonard, Gilbert, Jean, Anitha, Anicet, Yvette*, Béatrice, Nicodème, Nestor, Florence, Florent, Godelieve
* not pictured
Nestor is a member of the Ubumwe group and lives in Bujumbura. He is 50 years old and married to Julie. Together they have five children aged between 17 and 23, who are all studying.

Nestor has been selling clothes for five years. This is his fourth loan from Turame. With his Kiva loan, he will increase his capital and buy a large quantity of clothes to resell in order to earn more.

In the next few years, Nestor would like to start rearing large cattle (cows and pigs) and see his children study.
View original language description ↓
Nestor fait partie du groupe Ubumwe et habite à Bujumbura. Il a 50 ans et est marié à Julie. Ensemble ils ont 5 enfants âgés de 17 à 23 ans, tous étudient.

Il fait le commerce des habits depuis 5 ans.

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

Dans les prochaines années, il voudrait faire l’élevage du gros bétail (vaches et porcs) et voir ses enfants étudier.


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.

Tags

About Burundi

  • $400
    Average annual income
  • 7
    View loans »
    Burundi Loans Fundraising
  • $4,185,100
    Funds lent in using Kiva
  • 1,545.4
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ubumwe Group's $3,750 loan helped a member to increase his capital and buy a large quantity of clothes to resell in order to earn more.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2013
Listed
Nov 15, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014