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C5692 Abadacogora Group
In this Group: Florence, Janvier, Marceline, Christine
Florence is 31 years old and is a married with three children between the ages of 9 and 12 years old. She sells sweet potatoes, Irish potatoes, beans, and sorghum. Her business is open from 6 a.m. until 6 p.m. every day. She currently employs one person to help her.

Florence is the leader of the group called "C5692 Abadacogora" in the local language. She is the first person on the right side of the picture. She has five years of experience.

Florence has requested a loan from Kiva lenders via Vision Finance Company to purchase more sweet potatoes, Irish potatoes, beans, and sorghum to sell. With this profit, she will be able to reinvest in her business, renovate her house, and pay her childrens' school fees.

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
  • 50
    View loans »
    Rwanda Loans Fundraising
  • $12,343,975
    Funds lent in using Kiva
  • 595.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C5692 Abadacogora Group's $1,350 loan helped a member to purchase more sweet potatoes, Irish potatoes, beans, and sorghum to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2012
Listed
Feb 1, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2012