Jean Claude is 29 years old and is married with three children aged 2 to 5 years old and he takes care of six dependents. He sells various good such as sugar, soap, biscuits, bread, etc. Jean Claude is a leader of this group, which is called "C1196 TUVEMUBUKENE" in the local language. In the photo, he is the one with his hand raised. This is his fifth year in this business and he currently employs one person to help him.
Jean Claude has requested a Kiva loan via Vision Finance Company to buy various good such as sugar, soap, biscuits, bread, etc., for resale. With any profits, he will be able to save for his future, to pay school fees for his children and to build his own house.
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.