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C 2386 Abajyamugambi Group
In this Group: Annonciata, Virginie, Liberatha, Alphonsine, Josiane
Annonciata is 47 years old and is married with three children, ages between 8 and 15 years old. She sells various goods such as sugar, salt, soap, rice, etc.. She has 3 years in this work. She currently employs one person to help her and her business starts from 6 a.m. to 7 p.m. daily per week.

Annonciata is the leader of this group, which is called "C 2386 ABAJYAMUGAMBI" in the local language, and she is the one who has a paper in her hand. Annonciata has requested a loan from Kiva lenders via Vision Finance Company in order to buy various goods such as sugar, salt, soap, rice, etc. for resale. She will be able to save for her future and she will be able to reinvest in her business.

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
  • 33
    View loans »
    Rwanda Loans Fundraising
  • $14,263,150
    Funds lent in using Kiva
  • 600.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C 2386 Abajyamugambi Group's $1,350 loan helped a member to buy various goods such as sugar, salt, soap, rice, etc. for resale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2012
Listed
Jun 6, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 18, 2013