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C2331 Tuzamurane 2 Group
In this Group: Gilberte, Viriginie, Fabrise, Varise, Marie, Adele
Gilberte is 36 years old and is a widow with two children between the ages of 14 and 16 years old. She sells products like rice, sugar, soap, and salt in her business. Her business is well organized and she works from 8 a.m. until 7 p.m. every day of the week.

Gilberte is the leader of the group which is called "C2331 TUZAMURANE 2" in the local language. In the picture, she is the woman in the middle holding a paper in her hand. Gilberte has 4 years of experience in this work.

Gilberte has requested a loan from Kiva lenders via Vision Finance Company in order to purchase more quantity of fruits and vegetables for resale. With the profits she earns, she plans to save money for her future, to pay her childrens' school fees, and to pay for medical insurance.

Additional Information

More information about this loan

This loan helps low-income entrepreneurs in Rwanda grow their businesses and, ultimately, to support their families. These loans typically serve very poor and rural clients and particularly women, who often lack access to the traditional collateral needed for a loan. VFC serves these entrepreneurs through both individual and group loans and provides them with financial education and tools for them to save money for the future. By supporting this loan, you are helping Rwandan entrepreneurs build the means to support their families and improve their lives.

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

  • $1,700
    Average annual income
  • 57
    View loans »
    Rwanda Loans Fundraising
  • $15,325,750
    Funds lent in using Kiva
  • 629.5
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C2331 Tuzamurane 2 Group's $2,225 loan helped a member to purchase more quantities of rice, sugar, soap, salt, and other products to resell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2012
Listed
Nov 26, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013