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C5603 Wintenguha Group
In this Group: Grace , Valentine, Beatrice, Musindikazi, Mukansanga, Mukasekuru, Valentine
Grace was born in 1965 and is married with six children. Grace is a businesswoman but her husband is jobless. Grace has to work hard in order to get everything her family needs. Grace owns a business selling animals and her business is well known in the region because most of the people who have a butchery come to her to buy the animals for meat. Grace is focused on her own business but she is the group leader of seven members who have various businesses.

Grace and her group are requesting a KiV. loan to expand their businesses by purchasing more products or more animals for sale. Once this loan is given, all members of the group will be able to satisfy their customers and attract new ones. With extra money; the members of group expect to save and reinvest in their 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
  • 94
    View loans »
    Rwanda Loans Fundraising
  • $13,450,325
    Funds lent in using Kiva
  • 587.4
    Rwanda Francs (RWF) = $1 USD