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C2866 Dufatanurunana Group
In this Group: Jeanne D' Arc, Salom , Athanase , Damas , Faustin , Felix, Asshula, Shella , Esperence , Mathieu, Speciose , Celestin
Athanase R. is 57 years old, married with five children, and he and his wife also take care of two dependents. Athanase lives in the Gasabo district where he is the president of the group called Dufatanurunana. This group operates the business of selling a variety of goods in a well known local shop and it is open from 6 a.m. to 9 p.m. every day. All are committed to the success of the business and are excited about the possibility of being able to buy more goods to sell to attract more customers and make more sales and, hopefully, more profits as well!

This group is now requesting its first loan from Kiva lenders via Vision Finance Company in order to expand their shop by purchasing some additional goods which will make them more competitive. If successful, they plan to build their own warehouse, pay school fees for their children, and continue to build a secure future for themselves and their families.

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
  • 104
    View loans »
    Rwanda Loans Fundraising
  • $13,475,650
    Funds lent in using Kiva
  • 568.0
    Rwanda Francs (RWF) = $1 USD