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C4353 Abishyizehamwe Group
In this Group: Bertine, Odette, Didace , Donata, Julienne, Emerthe , Jean Nepo
Bertine is 28 years old and is married with five children. She lives in Kimironko, located in Kigali, the capital city of Rwanda. Bertine's business is located in the busy and popular Kimironko Market.

Bertine is the president of a group called Abishyizehamwe. This is the group's third successful year in the business of selling secondhand and gently-worn clothing. The hours of their business require that they work from early in the morning until late in the evening depending upon customer traffic on any given day.

The members of this group, after having the idea of improving their business and increasing their sales, are requesting their first loan from Kiva lenders via Vision Finance Company. With this loan, these members plan to carefully source and then purchase various different and attractive styles of used clothes. This new variety in their offering will hopefully attract more customers as well as earn more profit for Abishyizehamwe.

With this profit, they will reinvest in their business so that in the future, loans are not necessary. They will be able to rely on equity and cash-on-hand. Also, they all plan and hope to continue taking 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
  • 39
    View loans »
    Rwanda Loans Fundraising
  • $13,303,700
    Funds lent in using Kiva
  • 566.0
    Rwanda Francs (RWF) = $1 USD