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C7449 Duterimbere Group
In this Group: Leonard, Marceline, Laurence, Jasmine, Jean De Dieu, Domina, Odette, Seraphine, Marie Josee, Gloriose
Leonard is 24 years old and is single. Leonard currently works in a shop in Kanazi district. He takes care of two relatives who are between 8 and 25 years old. He runs a well-organized small store which sells various products, such as rice, sugar, soap, etc. He has been operating it successfully for three years, and his shop is open from 6am to 7pm every day.

Leonard is the leader of this group, called 'DUTERIMBERE' in the local language, which means "to be developed". The group consists of two men and eight woman.

The group has requested a loan from Kiva lenders, via Vision Finance Company, in order to purchase more products for their boutique so that they can provide better service to their customers. The loan will impact the group members by helping them to purchase larger quantities of stock, which will allow them to earn more profits. With the extra income they all earn, Leonard and his group hope to save some money and to reinvest in their businesses.

Additional Information

More information about this loan

This loan helps low-income entrepreneurs in Rwanda grow their businesses and, ultimately, to support their families. These loans typically serve very poor and rural clients and particularly women, who often lack access to the traditional collateral needed for a loan. VFC serves these entrepreneurs through both individual and group loans and provides them with financial education and tools for them to save money for the future. By supporting this loan, you are helping Rwandan entrepreneurs build the means to support their families and improve their lives.

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

  • $1,700
    Average annual income
  • 57
    View loans »
    Rwanda Loans Fundraising
  • $15,325,750
    Funds lent in using Kiva
  • 592.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C7449 Duterimbere Group's $1,525 loan helped a member to expand his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2011
Listed
Feb 15, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012