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C5601 Tuzamurane Group
In this Group: Grace , Josephine, Jean D'amour, Dianne, Beata, Constance, Languida, Francine
Josephine was born in 1984. She is married with one child and two dependant relatives. No one in Josephine's family has an occupation. That's why Josephine has to work hard so that she develops her business. Josephine owns a business selling various products in her living space. This business is profitable, but she does not have enough money to invest. That is why she needs a loan. Josephine is the leader of a group called TUZAMURANE in the local language.

Josephine and her group are requesting a loan from Kiva lenders via Vision Finance Company in order to increase their investment so that they can satisfy their customers. Once this satisfaction is reached, Josephine and her group will get enough money, which will help them to sort out some family problems and business.

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
  • 23
    View loans »
    Rwanda Loans Fundraising
  • $13,429,800
    Funds lent in using Kiva
  • 587.0
    Rwanda Francs (RWF) = $1 USD