Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Turame Community Finance, s.a. is a leading microfinance institution in Burundi. In 2004 TURAME began its activities as the social development arm of World Relief in two Burundian provinces: Bujumbura and Gitega. Each province started with 8 groups each, for a total of 715 clients. On January 2007, it was then registered as a licensed microfinance institution, which seeks to reduce human suffering caused by poverty through providing financial and non-financial services. As of December 2009, it has grown to work in 10 of 17 provinces with more than 19,000 clients.

TURAME’s vision is to reduce human suffering and empower all Burundian families to live spiritually, economically, and socially transformed lives, enjoying life in abundance in the Kingdom of God.

The mission of Turame is to deliver financial and related non-financial services to productive Burundians, especially the poor and women, through the development of sustainable micro (small-scale) enterprises and by encouraging people to save.

Turame offers competitive products, including credit delivery, savings, credit with education, business training and counselling. The main lending methodology is community banking, Solidarity groups and individual lending.

Turame has a 5-year business plan (2009 to 2013) and the target is to reach 40,000 clients at the end of the business plan. This includes developing several new products according to what the customer wants.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Mar 27, 2010 Oct 12, 2005
Total Loans $3,362,050 $604,062,050
Amount of raised Inactive loans $2,675 $524,650
Number of raised Inactive loans 1 440
Amount of Paying Back Loans $610,250 $119,195,225
Number of Paying Back Loans 223 128,510
Amount of Ended Loans $2,749,125 $484,342,175
Number of Ended Loans 903 612,364
Delinquency Rate 19.81% 4.13%
Amount in Arrears $54,476 $3,197,480
Outstanding Portfolio $274,994 $77,511,205
Number of loanDelinquent 76 13,871
Default Rate 0.43% 1.11%
Amount of Ended Loans Defaulted $11,753 $5,357,808
Amount of Ended Loans $2,749,125 $484,342,175
Number of Ended Loans Defaulted 27 16,820
Currency Exchange Loss Rate 0.03% 0.09%
Amount of Currency Exchange Loss $898 $572,886
Refund Rate 0.50% 0.75%
Amount of Refunded Loans $16,700 $4,553,925
Number of Refunded Loans 6 5,085

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 78.42% 74.22%
Average Loan Size $131 $419
Average Individual Loan Size $599 $656
Average Group Loan Size $3,065 $1,830
Average number of borrowers per group 23.6 8
Average GDP per capita (PPP) in local country $400 $3,423
Average Loan Size / GDP per capita (PPP) 32.63% 12.23%
Average Time to Fund a Loan 7.27 days 5.69 days
Average Dollars Raised Per Day Per Loan $17.94 $73.54
  Average Loan Term 6.04 months 10.4 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 169 301,704
  Journaling Rate 15.53% 42.39%
  Average Number of Comments Per Journal 0.02 0.08
  Average Number of Recommendations Per Journal 0.01 1.84

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 67% PY 24.00% PY 33.16% PY
  Profitability (return on assets) -10.9% 4.4% -1.43%
  Average Loan Size (% of per capita income) 43.30% 159.00% 40.41%

Country Fast Facts

Field Partner Staff

Esther Bankuwiha
Kent Birdwell
Rebecca Javier
Dirck Kagisye
Christine Manikariza
Jacques Mvunabo
Christophe Nduwayo
Christophe Nduwingoma
Rita Ngarambe
Marie Therese Nijimbere
Louis Perrot Ntirandekura
Primitive Umugiraneza