C3754 Imanzi Group


Status: Paying Back

$1,075.00   Loan Amount
0% repaid

About the Group

Group Name: C3754 Imanzi Group
Group Members: Emmanuel Karangwa
Marie claire Mukasekuru
Oreste Kayiranga
Sandrine Uwamariya
Venantie Mukarubayiza
Martin Akumuntu
Location: Kicukiro/kigali, Rwanda
Activity: Clothing Sales

About the Loan

Loan Amount: $1,075.00
Loan Use: New styles of clothing and sizes
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 26, 2009

About the Country

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



Emmanuel Karangwa is 40 years old and married with one child who is 8 years old. He lives in Kicukiro district where his business has been located since 2008. His business is open from 8AM to 6PM seven days per week. Emmanuel is group leader, respected in his community, and is requesting a loan from Vision Finance Company in order to expand his business and sell more types of clothing for different styles and sizes. If his strategy of growth pays off, it will help him to save money so that he can buy his own house. His monthly profit is currently 50,000RWF (US$ 90) which he explains is not enough to meet his needs and allow for owning his own home.




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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Helen
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Anne
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Lana
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Jon
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vikram
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Alena
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Matt
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Lisa
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Jeffrey

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steven
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Laurence
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Journal entries for C3754 Imanzi Group


Loan has been disbursed
 
Entrepreneur: C3754 Imanzi Group
Location: Kicukiro/kigali, Rwanda

Thank you for your loan. It has been disbursed to C3754 Imanzi Group, consisting of Emmanuel Karangwa, Marie claire Mukasekuru, Oreste Kayiranga, Sandrine Uwamariya, Venantie Mukarubayiza, Martin Akumuntu 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 Kicukiro/kigali, Rwanda
Oct 27, 2009
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Kiva Help Repayment Schedule for C3754 Imanzi Group

  Expected Repayments Actual Repayments Comments
January 2010 $179.17 Available Jan 1  
February 2010 $179.16 Available Feb 1  
March 2010 $179.17 Available Mar 1  
April 2010 $179.17 Available Apr 1  
May 2010 $179.16 Available May 1  
June 2010 $179.17 Available Jun 1