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C6406 Turwanyubukene Group
In this Group: Azarias, Leonie, Jean Pierre, Charlote, Appolinairie, Erisa, Mediatrice
Mediatrice is 37 years old. She is married and has five children between the ages of 5 and 15. Her business is well-organized and sells various sorts of fruit such as pineapples, bananas, passion fruit and so on. She employs one person to help her. She got into this business because it is profitable in her region and she has been successfully running it for four years. Mediatrice is the leader of a group called "Turwanyubukene" in the local language. The group includes seven members (three men and four women).

Mediatrice and her group have requested a loan from Kiva lenders, via Vision Finance Company, in order to purchase more products for their shops 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 earn, Mediatrice and her group hope to save some money and to reinvest in their businesses. Mediatrice hopes to open a supermarket in 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
  • 115
    View loans »
    Rwanda Loans Fundraising
  • $12,669,850
    Funds lent in using Kiva
  • 591.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C6406 Turwanyubukene Group's $1,200 loan helped a member to purchase more fruits such as pineapples, bananas, passion fruit and so on.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2011
Listed
May 1, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2011