Check out some available loans that are similar to this one!
C4351 Abanyamurava Group
In this Group: Job , Fabien, Alexandre, Jacqueline, Rachel
Jacqueline is 49 years old, married with 2 children aged 19 and 23 years old. Jacqueline lives in Kimironko, which is in Kigali, the capital of Rwanda. Jacqueline is the president of a group called “Abanyamurava." This group has successfully operated the business of selling clothes for two years. Today, Abanyamurava employs 2 people as helpers. The opening hours of the business are from 6 AM to 6 PM, every day except Sunday.

The members of this group are requesting their first loan from Kiva lenders via Vision Finance Company for the purpose of growing their business in order to expand their business through purchasing a greater quantity and variety of clothes. They expect that this will increase their monthly sales of clothing by attracting more customers. This will (hopefully) bring them more profit. As the business grows and strengthens, they hope simply to take better care of 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
  • 103
    View loans »
    Rwanda Loans Fundraising
  • $13,468,725
    Funds lent in using Kiva
  • 566.3
    Rwanda Francs (RWF) = $1 USD