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Ubumwe Group
In this Group: Jean Bosco, Jacqueline , Jeanne , Speciose
Jean Bosco is 33 years old, married with two children of 2 and 10 years old. Jean Bosco is the president of a group called UBUMWE and this group is widely known for selling food in their small restaurant. This restaurant is open from early in the morning until late in the evening.

Jean Bosco and his team are requesting a Kiva loan via Vision Finance Company with the purpose of renovating as well as increasing the size of their business site. In addition, they will buy some needed equipment such as plates, saucepans, chairs for customers, etc. With the use of this loan, Jean Bosco and his team hope to earn more profits, which in turn will allow them individually to build a secure future for their families and buy some domestic animals for rearing.

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
  • 60
    View loans »
    Rwanda Loans Fundraising
  • $15,230,800
    Funds lent in using Kiva
  • 574.1
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ubumwe Group's $1,500 loan helped a member the purchase of equipment such as plates, saucepans, chairs, etc.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2010
Listed
Apr 29, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011