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C4362 Abahuje Group
In this Group: Emmanuel, Viateur, Omar, Celestin
Viateur is 34 years old, married with 2 children, the older one is 15 years old and the younger is 6 years old. Viateur owns a business of selling eggs in his region. This is his 15th year of success in his business selling eggs. Viateur’s business is open from 7 in the morning to 8 in the evening every day except Sunday. Viateur is the group representative for a group which is called ABAHUJE in the local language. This group consists of four members.

Viateur and his group are now requesting a loan from Kiva lenders via Vision Finance Company in order to expand their business through purchasing more eggs which will allow them to satisfy their customers. In this way, Viateur and his group hope to earn more profits; with these profits Viateur especially will be able to pay school fees for his children as well as providing them with all their needs.

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
  • 37
    View loans »
    Rwanda Loans Fundraising
  • $13,303,700
    Funds lent in using Kiva
  • 583.2
    Rwanda Francs (RWF) = $1 USD