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C2150 Abadatana Group
In this Group: Souzan, Jean , Claudine, Clarise, Alice
Souzan is 23 years old and is single. She has a small grocery business which is fruitful in general, being in a central location. She has an experience of two years in her business. She employs one person as helper so that her business runs smoothly.

Souzan works hard which is the reason why she has been selected as group representative of her group which is called Abadatana in the local language. This group contains five members with various businesses; some of their businesses are: selling foodstuffs; clothes sales; selling green bananas; and so on. The members of this group are well organized and seasoned in their businesses.

Souzan and her group are now requesting a loan from Kiva lenders via Vision Finance Company for the purpose of expanding their businesses. With this loan, Souzan and group expect to satisfy the demands of their customers.

Once this satisfaction is reached, Souzan and group believe they will earn more profits which will allow them to sort out some family and business problems.

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
  • 27
    View loans »
    Rwanda Loans Fundraising
  • $13,367,925
    Funds lent in using Kiva
  • 574.0
    Rwanda Francs (RWF) = $1 USD