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Cotmu Group
In this Group: Francois, Joseph, Patricie, Froduard, Aloys, Annoncee, Andre, Consolee, Therese, Claudette
Francois was born in 1964. He is married with six children between 16 and 9 years old. Francois has been a businessman for a long time just because he has four years of experience making bricks for construction. Francois is the group leader of 10 people with the same business. All of them make bricks for sale. This group is COTMU. They employ 100 employees from their community.

Francois and his team are requesting a Kiva loan via Vision Finance Company to expand their business of making bricks. With this loan, Francois and his team will be able to satisfy their market, which will make them more efficient and more effective.

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
  • 40
    View loans »
    Rwanda Loans Fundraising
  • $18,266,225
    Funds lent in using Kiva
  • 588.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Cotmu Group's $2,575 loan helped a member to expand their business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 20, 2010
Oct 24, 2010
Currency Exchange Loss:
May 15, 2012