Check out some available loans that are similar to this one!
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

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
  • 48
    View loans »
    Rwanda Loans Fundraising
  • $15,329,275
    Funds lent in using Kiva
  • 574.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C2150 Abadatana Group's $700 loan helped a member to expand her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2010
Listed
May 20, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 16, 2010