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Mucungwe Group
In this Group: Férdinand, A Marie, J Claude, Alice, Siméon, Spéciose, Césalie, Domitile, Riziki, Férdinand, Floride, Appolinaire, Jeannette, Juvénal, Evelyne, Joséphine, Mathias, Jaqueline, Angèle*, Etienne, Mariam, J. De Dieu, Anastasie, Joseph, Augustin, Emile, Aline, Vénérand, Aline, Cassilde, Gilbert, Godelieve, Pascal, J Marie, Sébastien, M Chantal
* not pictured
Férdinand is part of the Mucungwe group, and lives in Bubanza. He is 41 years old, and married to Suzanne. Together they have six children, aged between three and eighteen years old. Four of his children attend school.

Férdinand has been selling Primus beer for six years. This will be his first loan with the field partner Turame. He will use his Kiva loan to increase his business capital, and buy eight cases of Primus beer to resell. In this way, he hopes to increase his earnings.

In the coming years, Férdinand would like to buy some land to grow food produce, and see his children study.
View original language description ↓
Férdinand fait partie du groupe Mucungwe et habite à Bubanza. Il a 41 ans et est marie à Suzanne. Ensemble ils ont 6 enfants âgés de 3 à 18 ans, dont 4 étudient.

Il fait le commerce de farine de bière industrielle Primus depuis 6 ans.

C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter 8 caisses de bière Primus à revendre pour gagner plus.

Dans les prochaines années, il voudrait acheter une terre pour la culture des produits vivriers 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
  • 4
    View loans »
    Burundi Loans Fundraising
  • $4,116,725
    Funds lent in using Kiva
  • 1,550.4
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mucungwe Group's $3,500 loan helped a member to buy eight cases of Primus beer for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014