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C4355 Abatoni Group
In this Group: Delphine, Odette, Drocella, Marie, Viviane
Delphine is 29 years old and is married with two children. She is the leader of this group called Abatoni which is well-known in the business of selling a variety of goods. This is their third successful year in this business and the hours of their business are from early morning until late in the evening.

Delphine and her team are requesting a Kiva loan via Vision Finance Company which they will invest in the purchase of foodstuffs. This, hopefully, will increase their sales as well as their profits. With these profits, each member of this group will improve the living standard of his or her family and, in addition to that, they will keep expanding their business for better financial stability.

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
  • 46
    View loans »
    Rwanda Loans Fundraising
  • $15,230,800
    Funds lent in using Kiva
  • 587.4
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C4355 Abatoni Group's $1,925 loan helped a member to buy a large quantity of goods for their store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2010
Listed
Aug 26, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011