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C 2256 Abadacogora Group
In this Group: Josephine, Marie Claire, Immaculee, Claudine
Josephine is 46 years old and married with five children ranging in age from two to twelve. She sells food and drinks including bread, milk and Fanta and has been working in this field for four years. She is the leader of the C 2256 ABADACOGORA group and is the one in the photo with a piece of paper in her hand. Josephine works from 6 a.m. to 6 p.m. every day of the week and currently employs three people to help her.

Josephine has requested a loan from Kiva lenders via Vision Finance Company in order to expand her canteen business by buying more food and drinks including break, milk and Fanta for resale. This loan will allow her to save for her future and to be able to 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
  • 105
    View loans »
    Rwanda Loans Fundraising
  • $13,468,725
    Funds lent in using Kiva
  • 600.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C 2256 Abadacogora Group's $2,850 loan helped a member to expand her canteen business by buying more food and drinks including bread, milk and Fanta for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 25, 2012
Jun 6, 2012
Currency Exchange Loss:
Dec 15, 2012