Check out some available loans that are similar to this one!
Butanuka Group
In this Group: Elie, Isidore, Bonithe, Michel, Léonidas, Joseph, Nzeyimana, Sylvestre, Onesphore, Divine, Samson, Thérence, Emmanuel, Claudine, Jérémie, Floride, Emmanuel, Boniface, Ernest, Fidèle, Amose, Jérôme, Ezéchiel, J. Marie, Violette, Ezéchiel, Adelin, Jacqueline, Kayobera, Valerie, Joséphine, Appolinaire, Pierre, Marc, Imelde
Elie is a member of the Butanuka Group and lives in Bubanza. He is 33 years old and married to Calinie, a retailer. Together, they have four children between the ages of one and six years old. Two of their children currently attend school.

Elie has been selling palm oil for five years now. This will be his first loan with the field partner, Turame. He plans to use his loan to increase his working capital and buy a large quantity of palm oil which he will resell to increase his earnings.

In the coming years, Elie would like to open a shop (to sell rice, beans, etc) and see his children study.
View original language description ↓
Elie fait partie du groupe Butanuka et habite à Bubanza. Il a 33 et est marié à Calinie, une commerçante. Ensemble ils ont 4 enfants âgés de 1 à 6 ans dont 2 étudient.

Il fait le commerce de l’huile de palme depuis 5 ans.

C’est son premier crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de l’huile de palme à revendre pour gagner plus.

Dans les prochaines années, il voudrait avoir une boutique (riz, haricot,..) 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.

About Burundi

  • $600
    Average annual income
  • 21
    View loans »
    Burundi Loans Fundraising
  • $4,437,600
    Funds lent in using Kiva
  • 1,544.0
    Burundi Francs (BIF) = $1 USD

Success!! The loan was 100% repaid

A portion of Butanuka Group's $3,425 loan helped a member to increase his working capital and buy a large quantity of palm oil for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2014
Listed
Apr 30, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014