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C9256 Ubumwe Kanombe Group
In this Group: Assia, Jean Pierre, Fred, Amon, Olivier
Assia is 33 years old and married.

She sells beans, rice, sugar and soap, etc. Her business is well organized, she employes three people to help her and works from 10am until 5pm every day. She has five years experience.

She is the president of this group, which is called "C9256 Ubumwe kanombe" and is in the middle in this photo.

Assia has requested a loan from Kiva lenders via Vision Finance company, in order to purchase more beans, rice, sugar and soap to sell. With this profit, Assia will be able to save money for her future.

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
  • 42
    View loans »
    Rwanda Loans Fundraising
  • $13,772,850
    Funds lent in using Kiva
  • 595.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C9256 Ubumwe Kanombe Group's $1,700 loan helped a member to purchase greater quantities of goods, such as beans, rice, sugar and soap.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Mar 2, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 22, 2012