Michel is part of the Turuhuke Group and lives in Bujumbura. He is 50 years old and is married to Espérance, a shopkeeper. They have seven children together, aged three to 11, four of whom attend school.
Michel has been selling pipes and sinks for 15 years. He is on his fourth loan from Turame. With his Kiva loan, Michel is going to increase his capital and purchase many pipes and sinks to sell in order to earn more.
In the future, he would like to build a house, purchase a vehicle, and see his children go to school.
Michel fait partie du groupe Turuhuke et habite à Bujumbura. Il a 50 ans et est marié à Espérance,
une commerçante. Ensemble ils ont 7 enfants, âgés de 3 à 11 ans, dont 4 étudient.
Il fait le commerce des tuyaux, lavabo,… depuis 15 ans.
Il est à son quatrième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup de tuyaux, de lavabos,... à revendre, pour gagner plus.
Dans les années à venir, elle voudrait construire une maison, acheter un véhicule et voir ses enfants étudier.
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.