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C6207 Abishyizehamwe Group
In this Group: Laetitie, Alice, Jeanviere, Marie Chantal
Laetitie is 32 years old and is a proven entrepreneur known in the business of selling meat. She joined a group called Abishyizehamwe of which she is the president. The group owns a butcher shop where they sell cow meat and which they open from 6 a.m. to 8 p.m. every day. This is their second successful year.

Laetitie and her team are requesting a Kiva loan via Vision Finance Company which hopefully will allow them to satisfy the demand of their customers. It will enable them to sell the meat of more than one cow per day and also start selling sheep and goat meat in order to cover their customer needs.

With this loan, the group hopes to earn more profits which in turn will allow each member of the group to start saving as well as taking care of his/her family. In addition, they will also be able to reserve funds for future reinvestment in their business.

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
  • 50
    View loans »
    Rwanda Loans Fundraising
  • $12,343,975
    Funds lent in using Kiva
  • 574.5
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C6207 Abishyizehamwe Group's $1,400 loan helped a member to purchase one sheep, goat and more than one cow to increase the quantity of meat for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2010
Listed
Mar 25, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 16, 2010