Jean Claude is married to one woman and has two children. One is seven while the other is three months old. His wife doesn’t produce any income. This entrepreneur has owned a hardware shop since 2004, where he employs two workers. His business is open from 7:00am to 8:00pm, and he earns a monthly profit of approximately $150 US. Jean Claude is seeking a loan from Vision Finance Company in Rwanda totaling 600,000 Rwandan francs (or about $1075 US). With the loan Jean Claude hopes to expand his business, and with the increased profit he hopes to reinvest in his store, provide more food for his family, and save more money. This is his second loan from Vision Finance Company.
About Vision Finance Company s.a – Rwanda (VFC)
Vision Finance Company (VFC) was Kiva's first partner in Rwanda. Established in 1999, VFC is an affiliate of World Vision International. Since its founding, VFC has been committed to alleviating poverty in Rwanda by ensuring that poor people have access to credit to support business initiatives that will improve their life circumstances.
VFC has a broad set of products and services, offering Community Banking services for self-selected groups of 10-30 borrowers, Solidarity Group services for more experienced groups of entrepreneurs, and Individual Loans for customers who already have a small established business. Vision Finance is also among the very few financial institutions targeting farmers and providing agricultural credit options in Rwanda, where access to credit is critical to the success of agricultural enterprises.
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