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C4369 Ubumwe Group
In this Group: Denise, Joyeuse , Colotride, Alexia, Clarise, Aniseth, Eugene
Denise is 24 years old and is single. She currently works in a shop in Kimironko district. She takes care of two relatives who are 8 to 20 years old. She runs a well-organized small store which sells bananas. She has been operating it successfully for three years and her shop is open from 7am until 7pm every day.

Denise is the leader of this group, called "Ubumwe" in the local language, which means "reconciliation". The group consists of two men and five women. Denise is the second person on the left, raising her hand.

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

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
  • 43
    View loans »
    Rwanda Loans Fundraising
  • $13,302,100
    Funds lent in using Kiva
  • 593.0
    Rwanda Francs (RWF) = $1 USD