Antoine is a part of the Mukubuzo Group and lives in Bujumbura. He is 64 years old and is married to Renée, a farmer. Together, they have seven children.
Antoine has been selling mass-produced beer and lemonade in his bistro for 20 years.
He is on his fourth loan with Turame. With the Kiva loan he receives, he will increase his capital and buy many cases of beer to resell to earn more.
In the coming years, he would like to see his children study.
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.