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C 3516 Abishyizehamwe Group
In this Group: Ndamage, Urimubenshi , Mukeshimana, Bugingo , Mutoni, Muhawenimana , Nyirambarushimana , Kakiza
M. is 56 years old and he is the president of a group called Abishyizehamwe. M. and his team sell charcoal wholesale. This is their second successful year in this business. The hours of their business are from early in the morning until late in the evening hours.

M. and his team are requesting a Kiva loan via Vision Finance Company to expand their business by buying more charcoal to satisfy the demand of their customers. With this loan, this group hopes that their sales will increase, as well as their profits. The added profits will allow them to create many sources of income by reinvesting in the same business but in different locations. By expanding the business, each member of this group has a hope for the future.

Additional Information

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

  • $1,000
    Average annual income
  • 47
    View loans »
    Rwanda Loans Fundraising
  • $13,773,975
    Funds lent in using Kiva
  • 573.0
    Rwanda Francs (RWF) = $1 USD