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C20013 Inyagaruzi Group
In this Group: Emmanuel, Olivier, Alexis, Germain, Frasie, Valerie, Jacqueline, Jean Pierre, Francois, Elie, Thoneste
Germain is 36 years old and married, with three children ages between 3 and 8 years old.

He owns an agriculture business selling rice, which is open from 6 a.m. until 1 p.m. daily, except on the weekend.

Germain currently employs four people to help him, and he has four years of experience in this work. He is the leader of the group called "C20013 INYAGARUZI" in the local language; he is raising his hand in the photo.

Germain has requested a loan from Kiva lenders via Vision Finance Company to buy more fertilizer for his field and for getting more rice to sell. With the profit, he expects to save money for his future and to reinvest in his business.

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 (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
  • 47
    View loans »
    Rwanda Loans Fundraising
  • $12,349,300
    Funds lent in using Kiva
  • 629.3
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C20013 Inyagaruzi Group's $1,125 loan helped a member to buy more fertilizer for his field and for getting more rice to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Nov 23, 2012
Currency Exchange Loss:
Jul 31, 2013