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Abakundana Group
In this Group: Esperence , Vestine , Marcelline
Marcelline is 38 years old and married with five children who are between 7 and 21 years old. Marceline is the president of a group called Abakundana. This group owns a restaurant where they cook food for their daily profits. This restaurant is open from early in the morning until late in the evening hours.

Marceline and her team are requesting a Kiva loan via Vision Finance Company to purchase equipment and increase the food they cook for their customers. With this loan, this group will hopefully earn more profits, which in turn will allow them to create as many sources of income as possible. Through the creation of these new sources of income, each member of this group will continue taking care of her family and save for the future.

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
  • 64
    View loans »
    Rwanda Loans Fundraising
  • $15,272,975
    Funds lent in using Kiva
  • 581.2
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Abakundana Group's $1,050 loan helped a member to purchase new equipment and food for the restaurant.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2010
Listed
Jun 23, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011