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C5693 Mfashakwifasha Group
In this Group: Josee, Agnes, Brigitte
Josee is 27 years old. She is married and has one child, who is two years old.

Her business is well-organized. She sells sacks of charcoal and works from 6am until 6pm every day. Josee is the team leader of this group, which is called "C5693 Mfashakwifasha" in the local language. She is the first person on the righthand side.

Josee has requested a loan from Kiva lender Vision Finance Company, in order to purchase more sacks of charcoal to sell. With this profit, she will pay her children's school fees, renovate her house and reinvest in her business.

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
  • 41
    View loans »
    Rwanda Loans Fundraising
  • $13,302,075
    Funds lent in using Kiva
  • 595.0
    Rwanda Francs (RWF) = $1 USD