Check out some available loans that are similar to this one!
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

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

Vision Finance Company (VFC) was Kiva's first partner in Rwanda. Established in 1999, VFC is an affiliate of World Vision International. Since its founding, VFC has been committed to alleviating poverty in Rwanda by ensuring that poor people have access to credit to support business initiatives that will improve their life circumstances.

VFC has a broad set of products and services, offering Community Banking services for self-selected groups of 10-30 borrowers, Solidarity Group services for more experienced groups of entrepreneurs, and Individual Loans for customers who already have a small established business. Vision Finance is also among the very few financial institutions targeting farmers and providing agricultural credit options in Rwanda, where access to credit is critical to the success of agricultural enterprises.

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

  • $1,000
    Average annual income
  • 25
    View loans »
    Rwanda Loans Fundraising
  • $13,391,375
    Funds lent in using Kiva
  • 569.0
    Rwanda Francs (RWF) = $1 USD