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C 80551 Abizera Group
In this Group: Xaveline, Joyeuse, Jeannette
Xaveline is 40 years old and is married with four children between the ages 3 and 17 years old. Xaveline is the president of a group called “C 80551 Abizera” and is the first on the left side. Xaveline owns a small general store selling different kinds of foods like cassava flour, bread, rice, bananas, Irish potatoes, tomatoes, etc. Her business is open from 6 am until 4 pm every day. This is her 12th successful year in her business.

Xaveline and her group will use this loan to purchase more products such as salt, cassava flour, bread, Irish potatoes, tomatoes and so on. Xaveline has many plans for the profits that they hope to make from this loan. She would like to provide food for her family, pay school fees for her children, and renovate her house.

Additional Information

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

  • $1,000
    Average annual income
  • 48
    View loans »
    Rwanda Loans Fundraising
  • $13,772,850
    Funds lent in using Kiva
  • 604.6
    Rwanda Francs (RWF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of C 80551 Abizera Group's $1,000 loan helped a member to purchase more salt, cassava flour, bread, rice, bananas, Irish potatoes, tomatoes, etc.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 22, 2012
Listed
Aug 11, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 6, 2013