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Musave Group
In this Group: Manasé, Bosco, Alice, Nephtalie, Jean, Candide, Gilbert, Triphonie, Perpetue, Foibe*, Léonie, Espérance*, Alexis, Sylvie, Godelieve, Aline, Jérémie, Christine*, Judith, Etienne, Michel, Divine, Germain, Rubin
* not pictured
J. Bosco is a member of the group called Musave and lives in Rumonge. He is 35 years old and married to Julienne, who is a businesswoman. Together they have four children aged from two to 10 years old, of whom two are enrolled in school.

J. Bosco has been selling palm oil for eight years. He is on his third loan with Turame. With the Kiva loan that he receives, he is intending to grow his working capital and buy a lot of jerrycans of palm oil to resell so as to earn more money.

In the coming years, he would like to buy a plot of arable land and grow oil-producing palms as well as see his children enrolled in school.
View original language description ↓

J. Bosco fait partie du groupe Musave et habite à Rumonge. Il a 35 ans et est marié à Julienne, une commerçante. Ensemble ils ont 4 enfants, âgés de 2 à 10 ans, dont 2 étudient.

Il fait le commerce d’huile de palme depuis 8 ans.

Il est à son troisième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup de bidons d’huile de palme à revendre pour gagner plus.

Dans les prochaines années, il voudrait acheter une parcelle, des terres cultivables, cultiver les palmiers à huile 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
  • 13
    View loans »
    Burundi Loans Fundraising
  • $4,036,350
    Funds lent in using Kiva
  • 1,541.0
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Musave Group's $4,650 loan helped a member to grow his working capital so as to buy a lot of jerrycans of palm oil for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2013
Listed
Jan 18, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014