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C7943 Coopaki Group
In this Group: Gloriose, Josephine, Pelagie, Beatrice, Andre, Donatha
Andre is 38 years old and is married with five children aged between nine and 21 years old. He owns an agricultural business selling rice, and his business is open from 6am to 5pm every day except during the weekend.

Andre is a leader of the group which is called C7943 Coopaki in the local language and is the person sitting in the photo. He currently employs four people to help him, and he has four years of experience in this work. This is his fourth loan.

Andre has requested a Kiva loan via Vision Finance Company in order to expand his agricultural business by cultivating more rice to sell. With any profits, he will be able to buy more food for his family, to pay school fees for his children and to renovate his house.

Additional Information

More information about this loan

This loan helps support farmers in rural communities in Rwanda. The loan, which is 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. About 85% of Rwandans are employed in agriculture, but many formal financial institutions consider the sector to be too risky. VFC is one of very few financial institutions serving farmers and offering agricultural products that work with local harvest cycles. VFC also offers training on increasing crop yield and helps farming cooperatives access better agricultural inputs. By supporting this loan, you are helping rural Rwandan farmers improve their crop yield and ability to support their families.

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
  • 37
    View loans »
    Rwanda Loans Fundraising
  • $15,198,425
    Funds lent in using Kiva
  • 631.7
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C7943 Coopaki Group's $750 loan helped a member to expand his rice business by cultivating more rice to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 7, 2013
Listed
Jan 29, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 6, 2013