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C5269 Abarwanashyaka Group
In this Group: Egidia, Valerie, Emmanuel, Fortune, Jean Claude, Oliva, Francois, Elina
Egidia is 40 years old and is married with three children: the first one is 17 years old; the next is 14 years old; and the last one is 11 years old.

Egidia owns a small business selling cow meat and has been in this business for four years. The hours of her business are from six in the morning to six in the evening every day.

Egidia is a group representative of this group which contains eight people with different business. Some of them sell spare parts, some sell clothes, operate a pub, and so on.

Now, Egidia and her group are requesting a loan from Kiva lenders via Vision Finance Company in order to expand their businesses. With this loan, Egidia in particular will be able buy more cows which will allow her to satisfy her customers.

With the increased profits that Egidia expects to earn, she will save money for her future and pay her children’s school fees.

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
  • 12
    View loans »
    Rwanda Loans Fundraising
  • $13,437,050
    Funds lent in using Kiva
  • 592.3
    Rwanda Francs (RWF) = $1 USD