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C 5601 Tuzamurane Group
In this Group: Jean D'amour, Drother, Claudine, Josephine, Beatrice, Laurence
Josephine is a hardworking 62 years old woman with four children aged between 14 and 34. She is pictured above on the right wearing the blue and green dress. For six years she has owned a small shop which sells various products such as rice, sugar, cosmetics, and so on. Her business is open from 6am until 8pm every day.

Josephine and her business are well known in the region, which is the reason why she is the leader of the group called “Tuzamurane” in the local language. She and her group, which consists of four women and two men, have requested a loan from Kiva lenders via Vision Finance Company in order to purchase more products for their businesses. Josephine especially needs this loan in order to expand her product offering and satisfy the demands of her customers. If this satisfaction is reached, Josephine and the other group members hope to earn more profits. With these profits she expects to save money for her future and to pay her children’s school fees.

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
  • 38
    View loans »
    Rwanda Loans Fundraising
  • $13,303,700
    Funds lent in using Kiva
  • 595.0
    Rwanda Francs (RWF) = $1 USD