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C1241 Abakundumurimo Group
In this Group: Leopord, Annociatta, Glycerie, Marie Seraphine, Donata, Donata, Donata
Leopord is 50 years old, married and has seven children, aged between 7 and 23 years old. Leopord is the president of this group, which is called "ABAKUNDUMURIMO" in local language, which means in English "TO LIKE A JOB." He is in the middle, first line.

He owns a small business where he sells different products such as beans and Irish potatoes.

Leopord has been engaged in this business for five years and he currently employs two people to help him. He runs his business from 8 a.m. to 11 p.m. every day.

Leopord and his group have requested a loan from Kiva lenders in order to buy more products such as beans and Irish potatoes for resale to get better profits. With any profits, he will reinvest in his business and save for the future.

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
  • 29
    View loans »
    Rwanda Loans Fundraising
  • $14,171,825
    Funds lent in using Kiva
  • 592.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C1241 Abakundumurimo Group's $1,525 loan helped a member to purchase more products to sell such as beans and Irish potatoes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2011
Listed
Apr 6, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011