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C8041 Abifatanyije Group
In this Group: Vestine, Liliose, Vestine, Seraphine, Sameil
Vestine is 49 years old and married with six children between the ages of 14 and 28 years old. Her business is well organized. In her small shop she sells charcoal. She works from 6am until 8pm every day. Vestine employes eight people to help her, and they have five years experience.

Vestine is the president of this group which is called "C8041 Abifatanyije" in the local language. In the photo, she is the first person from the right. Vestine has requested a loan from Kiva lenders through Vision Finance Company in order to purchase more charcoal to sell. With the profits from the loan, she will be able to build her own house, reinvest in her business, and pay her children's school fees.

Additional Information

More information about this loan

This loan helps low-income entrepreneurs in Rwanda grow their businesses and, ultimately, to support their families. These loans typically serve very poor and rural clients and particularly women, who often lack access to the traditional collateral needed for a loan. VFC serves these entrepreneurs through both individual and group loans and provides them with financial education and tools for them to save money for the future. By supporting this loan, you are helping Rwandan entrepreneurs build the means to support their families and improve their lives.

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

  • $1,700
    Average annual income
  • 40
    View loans »
    Rwanda Loans Fundraising
  • $15,109,850
    Funds lent in using Kiva
  • 595.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C8041 Abifatanyije Group's $1,700 loan helped a member to purchase more charcoal to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2012
Listed
Feb 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2012