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C2386 Abajyamugambi Group
In this Group: Annonciata, Liberatha, Virginie, Alphonsine
Annonciata is 45 years old and is married with three children between the ages of 18 and 25 years old. Her business is well-organized and is well-known in this business of selling goods such as rice, sugar, biscuits, etc. She is the team leader of this group which is called "ABAJYAMUGAMBI" in local language.


In the picture, Annonciata is the first person on the left side and she has a document in her hand. Her business hours are from 6am until 5pm every day and she currently employs one person to help her. She has five years of experience in this business.


Annonciata and her team have requested a Kiva loan via Vision Finance Company in order to increase their businesses by buying more products (sugar, rice, biscuits, salt and so on) for sale. With any profit, they will reinvest the profits in their businesses and save for their future. Annonciata will also be able to renovate her house.

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
  • 96
    View loans »
    Rwanda Loans Fundraising
  • $12,654,950
    Funds lent in using Kiva
  • 590.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C2386 Abajyamugambi Group's $1,125 loan helped a member to purchase more goods such as rice, sugar, biscuits, etc., for sale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2011
Listed
Aug 28, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012