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Fatuma
Fatuma, 56, a Rwandan entrepreneur is a widow who has one child, age 18 and two orphans, ages 13 and eight. She lives in Nyamirambo, Nyarugenge district, Kigali city, Rwanda.


She sells clothes and tissues to tailors who make outfits. Fatuma is an ambitious and courageous woman and she has many clients because of her quality products.


U. seeks her second loan from Vision Finance Company worth 600000 Rwf and this loan will be used to expand her business to respond to the needs of her clients.


Fatuma has no other income and is earning approximately $365 per month and hopes the loan will help increase her profits so she can reinvest in her business. Fatuma has 32 years experience in this business. She starts her daily operations at 8:00 a.m and finishes at 5:00 p.m.

Additional Information

More information about this loan

This loan helps low-income entrepreneurs in Rwanda grow their businesses and, ultimately, to support their families. These loans typically serve very poor and rural clients and particularly women, who often lack access to the traditional collateral needed for a loan. VFC serves these entrepreneurs through both individual and group loans and provides them with financial education and tools for them to save money for the future. By supporting this loan, you are helping Rwandan entrepreneurs build the means to support their families and improve their lives.

About Vision Finance Company s.a – Rwanda (VFC)

Vision Finance Company, soon to be known as Vision Fund Rwanda (VFR), is the 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 serves people and communities that are economically productive but low-income, especially in very rural areas. This includes small business owners and salary earners who are looking for opportunities to provide better lives for their families and a promising future for their children.

About Rwanda

  • $1,700
    Average annual income
  • 59
    View loans »
    Rwanda Loans Fundraising
  • $15,325,750
    Funds lent in using Kiva
  • 566.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Fatuma expand the business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 26, 2009
Listed
May 22, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2010