C5209 Dukundane Group


Status: Paying Back

$1,950.00   Loan Amount
0% repaid

About the Group

Group Name: C5209 Dukundane Group
Group Members: Immaculee Kagirisa
Hassina Mukaperezida
Nurssa Nyiragwaneza
souma Umutesi
Christine Mukamanzi
Jeannette Niyonsaba
Francoise Uwamahoro
Rehema Nikuze
Aline Munyarubuga
Marceline Nirere
Florence Mukazitoni
Location: Nyarugenge/kigali, Rwanda
Activity: General Store

About the Loan

Loan Amount: $1,950.00
Loan Use: Purchase a variety of new products for her store
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 23, 2009
Date Disbursed: Oct 13, 2009
Date Funded:Oct 23, 2009

About the Country

Country:Rwanda
Avg Annual Income:$1,000.00
Currency:Rwanda Francs (RWF)
Exchange Rate:565.0000 RWF = 1 USD



Immaculee Kagirisa is 42 years old and married with 12 children. She lives in Nyarugenge district, in Kigali, the capital of Rwanda, where her small shop selling a variety of food products and items for the home has been located since 2003. Immaculee sells different kinds of products ranging from: salt, sugar, rice, potatoes, juice, water, cosmetics products, cooking oil, to cleaning supplies, etc… And her small but busy shop is open every day from 6AM to 9PM.



She is requesting her first loan from Vision Finance Company in order to add to her working capital, purchase more inventory and provide more products to her existing customers and hopefully attract new customers as well. She projects that her monthly net profit will increase significantly over the current level of 30,000 RWF per month. With this extra income, Immaculee plans to continue to expand her business offerings and grow her enterprise.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more


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Journal entries for C5209 Dukundane Group


Loan has been disbursed
 
Entrepreneur: C5209 Dukundane Group
Location: Nyarugenge/kigali, Rwanda

Thank you for your loan. It has been disbursed to C5209 Dukundane Group, consisting of Immaculee Kagirisa, Hassina Mukaperezida, Nurssa Nyiragwaneza, souma Umutesi, Christine Mukamanzi, Jeannette Niyonsaba, Francoise Uwamahoro, Rehema Nikuze, Aline Munyarubuga, Marceline Nirere, Florence Mukazitoni by Vision Finance Company s.a. (VFC), a partner of World Vision International in Rwanda. We are excited to watch this business grow. Over the 6 months of this loan, Vision Finance Company s.a. (VFC), a partner of World Vision International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Nyarugenge/kigali, Rwanda
Oct 24, 2009
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Kiva Help Repayment Schedule for C5209 Dukundane Group

  Expected Repayments Actual Repayments Comments
January 2010 $325.00 Available Jan 1  
February 2010 $325.00 Available Feb 1  
March 2010 $325.00 Available Mar 1  
April 2010 $325.00 Available Apr 1  
May 2010 $325.00 Available May 1  
June 2010 $325.00 Available Jun 1