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C 7988 Dufatanye Group
In this Group: Assoumpta, David, Emille, Callixte, Innoncent, Alphonse, Emmanuel, Esidras, Madeleine, Goeffrey
Assoumpta is 33 years old and has three children between the ages of 3 and 7 years old. She owns an agriculture business selling beans, potatoes, rice, etc. Her business is open from 7 am until 6 pm every day except for the weekend. She is the leader of this group, which is called 7988 DUFATANYE in the local language, and she is raising up her hand.

Assoumpta has requested a loan from Kiva lenders via Vision Finance Company in order to expand her agriculture business by buying fertilizer to grow her products, such as beans, potatoes, rice, etc., to sell. She will save any profit for her future and she will be able to buy another field to cultivate.

Additional Information

About Vision Finance Company s.a – Rwanda (VFC)

Vision Finance Company, soon to be known as Vision Fund Rwanda (VFR), is the microfinance subsidiary of World Vision and is one of the largest microfinance institutions serving rural underprivileged communities in Rwanda, many of which do not have access to formal financial services.

VFC serves people and communities that are economically productive but low-income, especially in very rural areas. This includes small business owners and salary earners who are looking for opportunities to provide better lives for their families and a promising future for their children.

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
  • 44
    View loans »
    Rwanda Loans Fundraising
  • $13,837,625
    Funds lent in using Kiva
  • 595.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C 7988 Dufatanye Group's $2,150 loan helped a member to expand her agriculture business by purchasing fertilizer to grow her products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2012