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C9241 Abisunganye Group
In this Group: Emerita, Poline, Clementine
Emerita is the president of a group called “Abisunganye”, which has a total of three members, each with a different business. Emerita owns a small general store where she sells different kinds of goods like sweet potatoes, tomatoes, Irish potatoes and so on. Emerita is 33 years old and is married with seven children between the ages of 3 and 15 years old. Her business is open from 6 am until 8 pm every day, including weekends. This is her fifth successful year in her business. Emerita and her group will use this loan to purchase more products such as cassava flour, sweet potatoes, vegetables and so on. Emerita and her group have many plans for any profits that they make from this loan. They would like to provide food for their family, pay school fees for their children and renovate their 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
  • 100
    View loans »
    Rwanda Loans Fundraising
  • $13,479,850
    Funds lent in using Kiva
  • 591.0
    Rwanda Francs (RWF) = $1 USD