Contribution of microfinance on women empowerment case study of Vision Finance company ltd Nyaruguru
par Albert RUTAYISIRE
Protestant institute of arts and social sciences - Bachelor's degree in Business studies with education 2016
Biologically, A woman is a female human being. According to Dr Mamta Ch (2016)The term woman is usually reserved for an adult, with the term girl being the usual term for a female child or adolescent. The term woman is also sometimes used to identify a female human, regardless of age, as in phrases such as " women's rights". "Woman" may also refer to a person's gender identity. Women with typical genetic development are usually capable of giving birth from puberty until menopause. In the context of gender identity, transgender people who are biologically determined to be male and identify as women cannot give birth. Some intersex people who identify as women cannot give birth because of either sterility or inheriting one or more Y chromosomes. In extremely rare cases, people who have Sawyer syndrome can give birth with medical assistance. Throughout history women have assumed or been assigned various social roles.
According to hope magazine(2016) Vision Finance company Ltd (VFC
Ltd) is the Christian 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
started in 1997 as a microfinance department under World Vision Rwanda and has
since grown to become one of the largest regulated microfinance institutions in
A unique lending approach:
a) Community banks create an opportunity for the poorest entrepreneurs to obtain credit. These are self-selected groups of 10 - 30 borrowers who agree to cross-guarantee each other's loans. The group screens potential borrowers and tracks each repayment, building their leadership and sense of pride along the way.
b) Solidarity groups are designed for more experienced entrepreneurs with slightly larger enterprises. They have fewer members than community banks, with an average of 5 members who guarantee each other's loans. Members who make repayments on time become eligible for larger individual loans.
c) Individual loans go to borrowers who have either grown their businesses successfully through a solidarity group or who have medium-sized businesses that qualify for these larger loans. The individual loans typically require either 2 guarantors or collateral. Borrowers often create a multi-year business plan in consultation with their loan officers
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