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C 2011 Abahuje Group
In this Group: Mariam, Mathias, Hasina, Gerturde, Jacqueline, Marie Jeanne, Anastasie, Emmanuel
Hasina is 53 years old. She is married and has six children between the ages of 13 and 31 years old. She owns a business selling pineapples, passion fruits, apples, beans, vegetables and so on. She is the leader of this group, which is called "ABAHUJE" in the local language (she is the third person from the left side in the photo, in the white scarf). Hasina has been in this business for about two years.

Hasina and her team have requested a loan from Kiva lenders, via Vision Finance Company, in order to increase their quantities of pineapples, passion fruits, apples, beans, vegetables and so on, to sell. Hasina and her team will reinvest their profits into their businesses and pay school fees for their children.

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
  • 25
    View loans »
    Rwanda Loans Fundraising
  • $13,391,375
    Funds lent in using Kiva
  • 590.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C 2011 Abahuje Group's $1,700 loan helped a member to expand her agriculture business by cultivating more vegetables, fruits etc. to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2011
Listed
Nov 2, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012