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C1184 Jyambere Group
In this Group: Laurence, Mukabalinda , Mukakamali , Mukagahimanyi , Mukandamage
Greetings from Byumba, Rwanda! Byumba is in the northern part of the country, near the Ugandan border. Here, the Jyambere group is seeking its first loan from Vision Finance Company. The group is composed of five members: Souzane Mukabalinda, R. Mukagahimanyi, M. M., Xavera Mukakamari, and group president Laurence M.. They each sell sorghum and vegetables.

Laurence is 45 years old, married, and has five children, aged 18, 15, 11, 9, and 7. She also cares for two orphans. She has been selling sorghum for fifteen years and employs nine people to assist her in planting, harvesting, and selling it. She works from 7 a.m. to 4 p.m. daily and earns a profit of approximately 223,000 Rwandan francs each month (about $440).

She is requesting a loan worth 40,000 Rwandan francs so that she may purchase more sorghum, beans, and vegetables to sell to her clients. With the profits, she intends to pay school fees and buy more food for her family.

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
  • 37
    View loans »
    Rwanda Loans Fundraising
  • $13,303,700
    Funds lent in using Kiva
  • 567.2
    Rwanda Francs (RWF) = $1 USD