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Benoit's Group
In this Group: Benoit
Benoit M. is 42 years old and married with three children ages 3, 6, and 8. Benoit lives with his family in Kinyinya sector, Gasabo district in Kigali, the capital of Rwanda, where his business has been operating since 2004. A successful entrepreneur, Benoit employs two people from his community in his business and the hours are from 6AM to 8PM daily. In his general store, Benoit sells bulk items and products such as rice, salt, sugar, grains, flour etc...

Benoit is requesting his second loan from Vision Finance Company and Kiva lenders in order to allow him to buy products in greater volumes and at lower prices which should increase his monthly profit and make him more competitive. Over time, these changes will help him to expand his business even further which he wants to do in order to build a secure future for his family.

Additional Information

More information about this loan

This loan helps low-income entrepreneurs in Rwanda grow their businesses and, ultimately, to support their families. These loans typically serve very poor and rural clients and particularly women, who often lack access to the traditional collateral needed for a loan. VFC serves these entrepreneurs through both individual and group loans and provides them with financial education and tools for them to save money for the future. By supporting this loan, you are helping Rwandan entrepreneurs build the means to support their families and improve their lives.

About Vision Finance Company s.a – Rwanda (VFC)

Vision Finance Company, soon to be known as Vision Fund Rwanda (VFR), is the microfinance subsidiary of World Vision and is one of the largest microfinance institutions serving rural underprivileged communities in Rwanda, many of which do not have access to formal financial services.

VFC serves people and communities that are economically productive but low-income, especially in very rural areas. This includes small business owners and salary earners who are looking for opportunities to provide better lives for their families and a promising future for their children.

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.

About Rwanda

  • $1,700
    Average annual income
  • 59
    View loans »
    Rwanda Loans Fundraising
  • $15,230,800
    Funds lent in using Kiva
  • 569.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Benoit's Group's $1,150 loan helped a member purchase large quantities of grains and sugar, etc.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2009
Listed
Oct 28, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 21, 2010