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Muco Group
In this Group: Joha, Augustin, Ashula, Angéline, Séraphine, Sylvie
Augustin is a member of the Muco group. He lives in Gitega. He is 53 years old and married to Antoinette, a teacher. They have six children together, all of whom are in school.Augustin has been selling faucets, electric wires, sinks etc for 23 years.
He is on his fifth loan with Turame. Thanks to the Kiva loan, he will bolster his capital and stock up on faucets, electric wires, sinks etc for resale, so as to increase his earnings.
View original language description ↓
Augustin fait parti du groupe Muco et habite à Gitega. Il a 53 ans et est marié à Antoinette, une enseignante. Ensemble ils ont 6 enfants, tous étudient.

Il fait le commerce de tuyaux,de fils électriques, de lavabos,… depuis 23ans.

Il est à son cinquième crédit à Turame. Avec le crédit Kiva qu’il obtient, il va augmenter son capital et acheter beaucoup de tuyaux, de fils électriques, de lavabos,… à revendre pour gagner plus.

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
  • 10
    View loans »
    Burundi Loans Fundraising
  • $4,139,300
    Funds lent in using Kiva
  • 1,555.2
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Muco Group's $3,425 loan helped a member to stock up on faucets, electric wires, sinks etc for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2014
Listed
Mar 17, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015