C4591 Tuzamurane Group
Therrie is 23 years old and is currently single. He sells clothing in Kimironko district in Rwanda. Therrie sells different kinds of clothes. The hours of his business are from 8am to 6pm. This is his fourth successful year selling clothing.
Therrie has requested a loan from Kiva lenders via Vision Finance Company in order to expand his businesses through purchases of a variety of clothes. This will allow him to support his other family members. Therrie and his group expect to earn more profits from the investments made from the loan, which will help them to save money for their future.
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.
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Success!! The loan was 100% repaid