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C4561 Twuzuzanye Group
In this Group: Eugenie, Esperence, Alice, Obed, Brigitte, Denyse, Claudine, Jmv, Julienne, Claudine, Marie Jeanne
Eugenie is 43 years old and married with three children. The first child is 20 years old, the next is 15 and the last is 11 years old. Eugenie takes care of one dependent who is 10 years. Eugenie owns a small business selling various styles of clothes. Eugenie has enough experience in this field because this is her fifth year of experience. The hours of her shop are from 8 in the morning to 7 in the evening every day except one day in the week. Eugenie is group leader of her group, which is called TWUZUZANYE in the local language. This group contains 11 members with different businesses.

Now, Eugenie and her group are requesting a loan from Kiva lenders via Vision Finance Company in order to expand their business through purchasing more products for their business. With this loan, Eugenie and her group will be able to satisfy their customers, which will be one of the ways of earning more profits.

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
  • 25
    View loans »
    Rwanda Loans Fundraising
  • $13,392,250
    Funds lent in using Kiva
  • 589.2
    Rwanda Francs (RWF) = $1 USD