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C2904 Abisunganye Group
In this Group: Josiane, Clarisse, Saidati , Egidie
Josiane is 35 years old and is married with two children who are 2 and 4 years old. She is the president of a group called Abisunganye which is commonly known in the business of selling clothes, mainly children’s clothes. The group has been in this business for about five years and the hours of their business are from 7 a.m. to 6 p.m. every day except Saturday.

Josiane and her team are now requesting a Kiva loan via Vision Finance Company for the purpose of expanding their business through adding a variety of styles such as jeans and women’s clothes. They also plan to start selling children’s shoes as they seem to be highly in demand by a number of their customers in this area.

With this business expansion, this team will hopefully earn more profits which, in turn, will allow each member of the group to build a secure future for his/her children and maintain the sustainability of 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
  • 101
    View loans »
    Rwanda Loans Fundraising
  • $13,479,850
    Funds lent in using Kiva
  • 574.5
    Rwanda Francs (RWF) = $1 USD