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C1240 Rwambona 4 Group
In this Group: Odette, Alphonsine, Venant, Christine
Venant is 50 years old, married with eight children who are between 7 and 21 years old. Venant is the leader of a group called 'Rwambona' and this group is commonly known in the business of selling milk. Venant and his team have been in this business for about 6 years and the hours of their business are from 8 am to 6 pm every day.

Although Venant and his team have been in this business for about 6 years, their capital is still too low to expand meaningfully. To change this, they need to request a Kiva loan via Vision Finance Company which will allow them to purchase a dairy machine. If this machine is bought, there will be a big increase of liters of milk to sell per day. If successful, this team hopes that they will earn more profits than previously and in addition to that, they will keep reinvesting for better financial stability.

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 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.

About Rwanda

  • $1,700
    Average annual income
  • 37
    View loans »
    Rwanda Loans Fundraising
  • $16,926,975
    Funds lent in using Kiva
  • 588.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of C1240 Rwambona 4 Group's $450 loan helped a member the purchase of a dairy machine.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 15, 2010
Oct 26, 2010
Currency Exchange Loss:
May 15, 2011