Bernadette owns a shop selling different kinds of products, both consumable and non-consumable, while her husband does not earn any kind of income. She has been in the same business for six years and employs two people. Her daily work starts at 6am and finishes at 11pm. Bernadette is seeking her second loan worth 600,000 RWF from Kiva partner, Vision Finance Company and will be paid in 12 months. Her first loan was valued at 521,075 RWF. with her first loan Bernadette has earned approximately $145 USD monthly profit. With the new loan she intends to buy another house in which she will be storing merchandise, and with the profits from the loan she hopes to have more savings.
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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