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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

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
  • 35
    View loans »
    Rwanda Loans Fundraising
  • $14,382,325
    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