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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

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
  • 59
    View loans »
    Rwanda Loans Fundraising
  • $15,325,750
    Funds lent in using Kiva
  • 589.2
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C4561 Twuzuzanye Group's $3,700 loan helped a member to expand her business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2010
Listed
Jul 28, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011