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C5282 Icyerekezo Group
In this Group: Celestin, Tharcisse, Girberte, Claudette, Felecien, Dative, Angelique, Petronille, Jean Claude
Celestin is 28 years old, married with one child who is 2 years old. Celestin is a businessman; he owns a little restaurant. This business is profitable that's why it was chosen by him even though he works himself. He is group representative for 8 members, each one with his own business. Celestin in particular has an experience of 3 years and the hours of his business are from 6 in the morning to 9 in the evening every day.

Celestin and his group members are requesting a Kiva loan Via Vision Finance Company for the purpose of expanding their businesses through purchasing more products. Celestin needs to purchase more foodstuffs which will allow him to provide more customers with meals. Hopefully; Celestin will be able to earn some profits; with these profits he expects to earn he will be able to save money and to reinvest in his business.

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
  • 39
    View loans »
    Rwanda Loans Fundraising
  • $18,427,025
    Funds lent in using Kiva
  • 588.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C5282 Icyerekezo Group's $1,550 loan helped a member expanding his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 21, 2010
Oct 21, 2010
Currency Exchange Loss:
Apr 15, 2011