C1184 Jyambere Group
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.
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.
44View loans »
Success!! The loan was 100% repaid