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C 1906 Abahurijehamwe Group
In this Group: Ferdinand, Lambert, Jean Nepo, Elie, Claudine, Josephine, Priscilla, Marie Chantal, Valens
Ferdinand is 32 years old and is married with one child who is two years old. He is the leader of the group called "ABAHURIJEHAMWE" in the local language. Ferdinand is the first person on the right side, wearing a blue jacket. He is known for doing carpentry and he has been in this business for about four years and his business hours are from 7am until 8pm every day.

Ferdinand has requested a Kiva loan via Vision Finance Company in order to expand his carpentry business by buying more wood to create more activities like: to fabricate chairs, windows, wardrobe etc to sell. With this loan, Ferdinand will hopefully earn more profits, which in turn will allow him to keep reinvesting for better financial stability. In addition to that, he will continue improving his family lifestyle.

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
  • 22
    View loans »
    Rwanda Loans Fundraising
  • $13,429,800
    Funds lent in using Kiva
  • 593.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C 1906 Abahurijehamwe Group's $3,050 loan helped a member to expand his carpentry business by buying more wood to fabricate chairs, windows etc to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 28, 2011
Oct 20, 2011
Currency Exchange Loss:
Apr 15, 2012