This loan helps to expand her agricultural activities by cultivating more beans and baking flour for sale.
Marie Solange is a 35-year-old married mother of five children. She has owned and operated an agriculture business, selling beans and baking flour for the past five years, an enterprise that requires her to work from 6 a.m. until 6 p.m. every day and still manage her household.
Marie Solange has requested a Koramuhinzi loan from Kiva lenders via Vision Finance Company to expand her agriculture business by cultivating more beans and baking flour to sell. She is a leader of this group, Abishyizehamwe Gasunzu Group in the local language, and she is the one who has a register book in her hands.
The Koramuhinzi loan product is a pre-harvest loan where the borrower will not be required to pay off the principal until after the harvest. This loan will allow Marie Solange and her family to maintain their current standard of living until proceeds from the harvest arrive.
With the pre-harvest funds, Marie Solange will be able to pay her children’s school fees and provide family support until her crops are ready to sell. She intends to use the profits from her harvest to save for the future, when she will be able to buy new clothes for her children, and to get medical insurance for her family.