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C 8093 Ntucogore Group
In this Group: Bernard, Eliezel, Monique
Bernard is 26 years old, is married with one child and takes care of two relatives. He owns a construction supply business. Bernard is a leader of this group, which is called "C 8093 NTUCOGORE" in the local language; the name means "Don't give up" in English. In the photo, he's in the middle. He has been in this business for two years and he works from 7 a.m. to 10 p.m. daily, every week. Bernard currently employs one person to help him.

Bernard has requested a Kiva loan via Vision Finance Company to expand his construction supply business by buying various materials for resale. With any profits, he will be able to save for his future, to pay school fees for his children and to reinvest in his 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
  • 36
    View loans »
    Rwanda Loans Fundraising
  • $14,382,325
    Funds lent in using Kiva
  • 600.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C 8093 Ntucogore Group's $1,000 loan helped a member to expand his construction supply business by buying various materials for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2012
Listed
Jun 22, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012