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Abadahemukirana C20006 Group
In this Group: Consolee, Bonifride, Vedaste, Viateur, Sprasie, Marie Rose, Teodosie, Aloys, Pascal
Consolee is 40 years old, married, and has five children, aged between 8 and 20 years. Consolee has been in the business of selling rice for four years. Her rice business is open from 6:30 A.M. to 1:00 P.M. every day, except in the weekend. Consolee is the leader of a group called Abadahemukirana C20006 in the local language; she is the one raising her hand in the picture.

Consolee has requested a Kiva loan via Vision Finance Company, in order to purchase fertilizer for cultivating a large quantity of rice for sale. She will use any profits to save for her future and to re-invest in her business.

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
  • 30
    View loans »
    Rwanda Loans Fundraising
  • $11,760,875
    Funds lent in using Kiva
  • 625.1
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Abadahemukirana C20006 Group's $850 loan helped a member to purchase fertilizer for cultivating a large quantity of rice for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2013
Listed
Feb 16, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 6, 2013