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C7851 Abakangukiramajyambere Group
In this Group: Faustin, Celestin, Eric, Cansilde, Samuel, Marc, Evariste, Gloriose, Athanase, Consolee, David, Madeleine, Vincent, Catherine, Epaphrodite
Epaphrodite, age 45, is a rice farmer and rice vendor. He and his wife have three children aged between 5 and 12 years old and he also takes care of one relative. He is the leader of this group, which is called "C7851 ABAKANGUKIRAMAJYAMBERE" in the local language. In the photo, he's the one who is standing in front of the others. He works from 6 a.m. to 6 p.m. every workday.

Epaphrodite has requested a Kiva loan via Vision Finance Company in order to cultivate larger quantities of rice to offer for sale. With the profits expected from this loan, he will be able to 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
  • 67
    View loans »
    Rwanda Loans Fundraising
  • $11,859,700
    Funds lent in using Kiva
  • 597.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C7851 Abakangukiramajyambere Group's $1,875 loan helped a member toquantities to cultivate larger quantities of rice to offer for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 1, 2012
Listed
Jun 16, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013