Abadatenguha C12063 Group
Pascal is the leader of the group called "ABADATENGUHA C12063" in the local language. In the photo, he is raising his hand. Pascal has five years of experience in this work. Some members of the group sell boutique items while others sell food. The leader of the group also sells food.
Pascal has requested a loan from Kiva lenders via Vision Finance Company in order to buy various goods such as beans, potatoes, rice, sorghum, etc. for resale in his store. With the profits he earns, he plans to save enough money for his future and to reinvest in his business.
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.
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Success!! The loan was 100% repaid