Pierre is a member of the Cubwenge II group and lives in Gitega. He is 41 years old and married to A. Marie, a farmer. The couple have 6 children, 4 of whom attend school. He has been selling beans for 16 years. This is his second loan from Turame. His Kiva-sponsored loan will increase his capital and allow him to buy a large quantity of beans for resale, so that he can earn more money.
Pierre fait partie du groupe Cubwenge II et habite à Gitega. Il a 41 ans et est marié à A. Marie, une cultivatrice. Ensemble ils ont 6 enfants dont 4 étudient.
Il fait le commerce du haricot depuis 16 ans.
Il est à son deuxième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de haricot à revendre pour gagner plus.
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.