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C5282 Icyerekezo Group
In this Group: Celestin, Tharcisse, Girberte, Claudette, Felecien, Dative, Angelique, Petronille, Jean Claude
Celestin is 28 years old, married with one child who is 2 years old. Celestin is a businessman; he owns a little restaurant. This business is profitable that's why it was chosen by him even though he works himself. He is group representative for 8 members, each one with his own business. Celestin in particular has an experience of 3 years and the hours of his business are from 6 in the morning to 9 in the evening every day.

Celestin and his group members are requesting a Kiva loan Via Vision Finance Company for the purpose of expanding their businesses through purchasing more products. Celestin needs to purchase more foodstuffs which will allow him to provide more customers with meals. Hopefully; Celestin will be able to earn some profits; with these profits he expects to earn he will be able to save money and to reinvest in his 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
  • 11
    View loans »
    Rwanda Loans Fundraising
  • $13,437,050
    Funds lent in using Kiva
  • 588.0
    Rwanda Francs (RWF) = $1 USD