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C2143 Umuseke Group
In this Group: Faustin, Solange, Vedaste, Michel, Floride
Solange is 22 years old and single; however, she has to contribute to her family even though she is single. Solange tries to provide all the necessities for her family. She owns a business selling various foodstuffs. She has one and a half years' experience and she employs one person as help. The hours of her daily activities are from 6 in the morning to 9 in the evening every day except on Saturday. In addition, Solange is the leader of this group of five people with different businesses: some of them sell foodstuffs; restaurant and so on.

Solange and her group are now requesting a Kiva loan via Vision Finance Company. She will purchase additional products for her store. With this loan, the members of group will be able to satisfy their customers and will be able to be more effective and more efficient.

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
  • 30
    View loans »
    Rwanda Loans Fundraising
  • $13,326,100
    Funds lent in using Kiva
  • 588.0
    Rwanda Francs (RWF) = $1 USD