K. Dorothée is an entrepreneur and owns shop in Kimironko district selling leather handbags. Her husband produces a wage of $515 per month.
Dorothée is seeking her first loan worth 500,000 Rwf from Vision Finance Company to be paid within 8 months. She has no employees and has been doing the same business since 2004. Dorothée opens her shop from 8:00 a.m. to 5:00 p.m. Before the loan, she was earning a monthly profit of approximately $220. With the loan from Vision Finance Company, K. will expand her business and, from the increased profits, she will reinvest in her business.
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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