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C2346 Duhozanye Group
In this Group: Dorothe, Claudine, Tuyishimire , Claude, Rwasibirir
Claude was born in 1964 and is married with three children aged between 6 and 16. He lives in the Gasabo district of Kigali province, in the village called Kabuga, not far from Rwanda’s international airport.

Claude owns a small shop which sells various styles of clothes. He chose this business simply because it is profitable in this region. His business is famous which is very stimulating for him. This is his fourth year of successful operation in business! The hours of his shop are from 8 a.m. to 6 p.m. every day, even during the weekend. He works hard so that he satisfies his customers.

Claude is now requesting a loan from Kiva lenders via Vision Finance Company in order to expand his business. He will do this through purchasing some other attractive clothing styles for sale as well as additional sizes and colors. With this loan, Claude hopes to attract more customers to shop and hopefully earn more profit in the process.

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
  • 48
    View loans »
    Rwanda Loans Fundraising
  • $15,329,275
    Funds lent in using Kiva
  • 570.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C2346 Duhozanye Group's $900 loan helped a member to purchase more clothes to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2010
Listed
Feb 19, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 16, 2010