Kiva Loan Number 14

Moussa Innocent Ngirabega from Rwanda has fully repaid a Kiva loan

Location: Kicukiro/kigali, Rwanda   Repayment Term: 10 months (more info)

Activity: Clothing Sales

Repayment Schedule: Monthly

Loan Use: To buy more clothes

Currency Exchange Loss: Possible       Default Protection: Covered

Greetings from Ngirabega Moussa Innocent, a 38-year-old married man with four children aged nine, seven, four and two years old, and one dependent orphan, who is sixteen years old. His family live in the Kicukiro district of Kigali city, the capital of Rwanda.

Moussa Innocent owns a plot in Nyarugenge market where he sells clothes, particularly for women and girls. Innocent started this business sixteen years ago. He is seeking his first loan worth 500,000 RWF from Kiva partner, Vision Finance Company, in order to buy more clothes to expand his store. Before he received this loan, he was earning a monthly salary of 150,000 RWF, and from increased profit he will have more savings and reinvest in his business.

(click to continue reading Kiva – Moussa Innocent Ngirabega from Rwanda has fully repaid a Kiva loan.)

Country: Rwanda Avg Annual Income: $1,000 Currency: Rwanda Francs (RWF) Exchange Rate: 568.2000 RWF = 1 USD