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C 8084 Coabunya V Group
In this Group: Fabien, Patrice, Alphonse, Felicien, Anastase, Anastase, Leonidas
Fabien is 46 years old, married and the father of three children who also cares for seven other relatives. He earns a living by selling various goods, including coffee, potatoes and tomatoes. Fabien leads a loan group called "C 8084 COABUNYA V" in the local language. In this photo, he's the one who is holding a piece of paper. He has been in his current line of work for two years, and works from 6 a.m. to 5 p.m. daily except on weekends. Fabien currently employs five people in his business and is requesting a Kiva loan via Vision Finance Company to buy various items to sell, including more coffee, potatoes and tomatoes. He will use his profits to save for the future, pay school fees for his children and re-invest in his 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
  • 38
    View loans »
    Rwanda Loans Fundraising
  • $13,303,700
    Funds lent in using Kiva
  • 600.0
    Rwanda Francs (RWF) = $1 USD