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C5284 Imirasire Group
In this Group: Gracien, Mathias, Felex, Gaudance, Petronille, Gaudance
Felix is 45 years old and married with three children: the first one is 12 years old, the next one is 7 and the last one is 6 years old. Felix is a businessman who works for his family. Felix has 3 years of business experience and he employs one person as a helper. In addition, Felix is the leader of a group of six people who have different businesses. Most of them are women, except Felix, who is the group representative.

Felix and his group are requesting a Kiva loan via Vision Finance Company to expand their businesses. He will purchase additional products such as beans, salt and rice for the store. With this loan, group members will be able to earn more profit to use for their families and in their businesses.

Additional Information

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

  • $1,000
    Average annual income
  • 118
    View loans »
    Rwanda Loans Fundraising
  • $13,837,600
    Funds lent in using Kiva
  • 588.0
    Rwanda Francs (RWF) = $1 USD