Gaudence is a 44-year-old entrepreneur who lives in Nyabitanga, in the Gitega province of central Burundi. She has been selling cassava flour for 14 years. She started this professional activity when she was a farmer. She is educated through the sixth year of primary school. She is married to Bernard, and they have 7 children together, 6 of whom attend school. The credit requested from Kiva, (50,000 Burundian Francs), helps her increase her capital in order to buy large quantities of cassava flour that will be resold at a profit in order to increase cash-flow. She is a member of the Twishingane community group.
Gaudence est une commerçante âgée de 44 ans qui habite la localité de Nyabitanga de la Province de Gitega au centre du pays. Elle vend la farine de manioc depuis 14 ans,un métier qu’elle commence alors qu’elle était cultivatrice. Elle a fait ses études jusq’en 6 è année primaire. Elle est mariée à Bernard et ont ensemble 7 enfants dont 6 sont à l’ecole.
Le crédit Kiva qu’elle obtient lui permet d’augmenter son capital pour acheter une grande quantité de farine de manioc à revendre afin de réaliser de grands bénéfices et accroitre ses economies
Elle est membre du groupe communautaire TWISHINGANE
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.