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C2168 Amahoro Group
In this Group: Madi, Petronille, Claudine, Jaqueline, Theogene, Valens
Madi is 40 years old and is married with two children: the first one is 10 years old and the last one is 8 years old.

Madi is a businessman who works hard so that he can provide all the basic needs of his family. He puts that hard work into a business he owns selling various styles of clothes. In particular, Madi is a new entrepreneur because he has an experience of only two years but he is well-known in his business and well-organized. The hours of his business are from seven in the morning to four in the evening, every day except Saturday.

Madi is the leader of this group of six members. He and his group are requesting a Kiva loan via Vision Finance Company for the purpose of expanding their businesses. Through this expansion, all members of group will be able to satisfy their customers and can expect to earn more profits which will help them to save money and to sort out their family problems.

Additional Information

More information about this loan

This loan helps low-income entrepreneurs in Rwanda grow their businesses and, ultimately, to support their families. These loans typically serve very poor and rural clients and particularly women, who often lack access to the traditional collateral needed for a loan. VFC serves these entrepreneurs through both individual and group loans and provides them with financial education and tools for them to save money for the future. By supporting this loan, you are helping Rwandan entrepreneurs build the means to support their families and improve their lives.

About VisionFund Rwanda

VisionFund 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.

VFR 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
  • 50
    View loans »
    Rwanda Loans Fundraising
  • $18,405,575
    Funds lent in using Kiva
  • 584.8
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C2168 Amahoro Group's $1,050 loan helped a member to expand his business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Sep 16, 2010
Sep 26, 2010
Currency Exchange Loss:
Mar 15, 2011