Theoneste Mivumbi

Rambura Sector, Nyabihu District- Gasiza Branch, Rwanda

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Theoneste Mivumbi
Theoneste Mivumbi
Theoneste Mivumbi
Theoneste Mivumbi

Theoneste needs just £1675.56 to complete his loan



Amount Requested

Amount requested:

£2615.56

Repayment term

Repayment term:

24 Months

Activity type

Activity type:

Retail - food

MFI Partner

MFI partner:

Umutanguha

Theoneste Mivumbi has requested this loan to buy crops of beans and sorghum, which he sells. With this loan he will buy 5 tons of beans for $1520 and 6 tons of sorghum for $1690.  He lives with his wife and their 2 children who attend the local primary school. He sells his products on retail and in large quantities according to his customers’ choice. He chose to start this business because in the village where he lives, there are many people who buy and sell. He wanted to be able to supply to them as well. He has been doing this activity for more than 5 years. He wants to expand his business by making a bulk purchase. With this loan, he would like to increase the quantity of pulses that he sells. Improving his income will make it possible for him to move into a slightly bigger house where he can sell other items in addition to what he is selling now. In the future, he wants to supply private and public companies with his merchandise. He has 10 employees who help him to load and offload the sacks when he is selling but after the investment and expansion he will create jobs for 5 more person to assist him. At the moment he earns about $144 per month after paying his expenses. He hopes after the investment he will be able to earn at least $241, increasing his income by a good margin.

Loan added: 10 May 2018

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Theoneste's loan repayment schedule

Date Expected repayments Actual repayments
June 2018 £237.78 Available 01/06/18
July 2018 £99.07 Available 01/07/18
August 2018 £99.07 Available 01/08/18
September 2018 £99.07 Available 01/09/18
October 2018 £99.07 Available 01/10/18
November 2018 £99.07 Available 01/11/18


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