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C1906 Abahurijehamwe Group
In this Group: Josephine, Claudine, Plucilla, Elie, Valens, Lambert, Jean Nepo, Ferdinand
Ferdinand is 32 years old and is single. He is pictured here on the right, wearing a white and blue T-shirt. For two years, he has owned a small boutique which sells various products such as rice, sugar, cosmetics, and so on. His business is open from 8am until 6pm every day. His business is well known in the region.

Ferdinand is the leader of the group called “Abahurijehamwe” in the local language, which means “to have the same target” in English. His group has three women and five men.

Ferdinand has requested a loan from Kiva lenders via Vision Finance Company in order to expand his business. If this satisfaction is reached, Ferdinand hopes to earn more profits and investment,do savings for the future.

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

Success!! The loan was 100% repaid

A portion of C1906 Abahurijehamwe Group's $2,700 loan helped a member to purchase more products for his boutique such as rice and sugar.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2011
Listed
Feb 15, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011