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C2321 Twitezimbere Group
In this Group: Samuel, Clementine, Jacqueline, Gady, Samuel
Jacqueline is 35 years old and is married with five children with ages between 2 and 10 years. She is the president of a group called Twitezimbere. This group has owned a shop for the past three years selling a wide variety of goods. It is well known in the community and employs four people. The business is open every day from 7 a.m. to 5 p.m.

After having operated successfully in business for three years, Jacqueline and her group are requesting their first loan from Kiva lenders via Vision Finance Company. The loan proceeds will be used to expand their offerings through purchasing additional goods such as household items and a variety of foodstuffs such as sugar, beans, rice, etc.

The members of Twitezimbere hope that the new range of products will appeal to their current customers as well as attract new customers to their store. All of this should result in a greater profit for their enterprise. With this profit, the members of Twitezimbere will continue to pay school fees for their children and build a secure future for their families and loved ones.

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
  • 22
    View loans »
    Rwanda Loans Fundraising
  • $13,429,800
    Funds lent in using Kiva
  • 566.0
    Rwanda Francs (RWF) = $1 USD