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C4352 Berwa Group
In this Group: Vincent, Beatrice, Agnes, Josephine, Ignace, Florien
Vincent is 49 years old, married with 3 children aged between 10 and 15 years of age. He also takes care of 1 dependent from another family who is 11 years old. Vincent is the president of a group called “Berwa”. This group operates a sewing business in Kimironko which is in Kigali, Rwanda's capital city. Berwa employs 9 people and this is its 3rd successful year in operation. The members of Berwa start their work day at 7 AM and work to 8 PM every day except Sunday.



This group is requesting its first loan from Vision Finance Company and Kiva lenders in order to purchase additional sewing machines to increase their capacity. With this loan, Berwa will sew other attractive clothing styles for sale as well as additional sizes and colors. Through the use of this loan, this group hopes to attract more customers to its business and hopefully earn more profit in the process. Any additional funds earned will go to support their families and loved ones.

Additional Information

More information about this loan

This loan helps low-income entrepreneurs in Rwanda grow their businesses and, ultimately, to support their families. These loans typically serve very poor and rural clients and particularly women, who often lack access to the traditional collateral needed for a loan. VFC serves these entrepreneurs through both individual and group loans and provides them with financial education and tools for them to save money for the future. By supporting this loan, you are helping Rwandan entrepreneurs build the means to support their families and improve their lives.

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

Vision Finance Company, soon to be known as Vision Fund Rwanda (VFR), is the microfinance subsidiary of World Vision and is one of the largest microfinance institutions serving rural underprivileged communities in Rwanda, many of which do not have access to formal financial services.

VFC serves people and communities that are economically productive but low-income, especially in very rural areas. This includes small business owners and salary earners who are looking for opportunities to provide better lives for their families and a promising future for their children.

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

  • $1,700
    Average annual income
  • 57
    View loans »
    Rwanda Loans Fundraising
  • $15,230,800
    Funds lent in using Kiva
  • 567.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C4352 Berwa Group's $1,500 loan helped a member sewing machines.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2009
Listed
Dec 10, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2010