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C23999 Inezanzige Group
In this Group: Maurrice, Dominiko, Genivieve, Riberathe
Maurrice is 31 years old. He is married with three children between the ages of 1 and 8 years. He has a pub and he sells beer in his business, which is well organized. He works from 6 AM until 8 PM every day of the week. He has five years of experience in this work and employs three people to help him.

Maurrice is the leader of the group, which is called “C23999 INEZANZIGE” in the local language, and he is pictured above in the middle with a paper in his hand. He has requested a loan from Kiva lenders via Vision Finance Company in order to purchase a greater quantity of beer like skol, amuster, primus, etc. to resell. With the profits he earns, he plans to save money for his future and to pay his children's school fees.

Additional Information

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
  • 113
    View loans »
    Rwanda Loans Fundraising
  • $12,654,950
    Funds lent in using Kiva
  • 629.5
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C23999 Inezanzige Group's $650 loan helped a member to purchase more quantity of beer like primis, amuster, minzingi and so on to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2012
Listed
Nov 27, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 11, 2013