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C5611 Terimbere Group
In this Group: Francine, Vedaste, Paul, Martha, Esperance, Jean Bosco, Theopiste
Martha is 40 years old and is a widow with two children, 12 and 15 years old. She is the representative of a group which is called "Terimbere" in the local language. Martha owns a small shop which sells shoes and clothes and she has an experience of five years in her business. She employs one person in her business as a helper so that her business runs well. Martha is the second person in the white shirt on the left side.

Martha and her group have requested a loan from Kiva lenders via Vision Finance Company in order to buy more cloth, shoes, African-print cloth, etc. With her increased profits, Martha hopes to build her own house and to reinvest in her business.

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
  • 30
    View loans »
    Rwanda Loans Fundraising
  • $13,326,100
    Funds lent in using Kiva
  • 592.0
    Rwanda Francs (RWF) = $1 USD