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Abishyizehamwe C12066 Group
In this Group: Etienne, Therese, Andre, Telesphore, Gaspard, Revelien, Francois, Sarah, Vestine, Frida, Marie, Esdras, Damascene, Marie, Triphine, Faustin, Janvier, Liberatha, Charles
Gaspard is 50 years old, married, and has five children between the ages of 5 years and 27. He sells rice. Gaspard is a leader of this group, which is called "ABISHYIZEHAMWE C12066" in the local language. In the photo, he's the one raising his hand. He works from 6 a.m. to 5 p.m. daily, except on Sunday. Gaspard has eight years of experience in this work.

Gaspard has requested a Kiva loan via Vision Finance Company in order to expand his agriculture business by cultivating more rice to sell. If there are profits, he will be able to save for his future, and he will be able to renovate his house.

Additional Information

More information about this loan

This loan is part of Vision Finance Company's Koramuhinzi ("Farmer, please work") program designed to serve poor entrepreneurs working in agriculture and livestock in rural communities. This type of loan, available to both individuals and groups, is repaid in full at the end of the loan term, allowing borrowers to repay only after crops are harvested or livestock are sold.

This flexibility is critical in Rwanda where 85% of the population is employed in agriculture, but many formal financial institutions consider the sector to be too risky to invest. By funding this loan, you are expanding opportunity to farmers with limited options.

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
  • 45
    View loans »
    Rwanda Loans Fundraising
  • $13,837,625
    Funds lent in using Kiva
  • 629.3
    Rwanda Francs (RWF) = $1 USD