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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

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
  • 574.1
    Rwanda Francs (RWF) = $1 USD