Eric owns a plot in Nyabugogo market where he sells shoes. He has 12 years experience in this business and he has 1 full time employee who helps him in this business. He starts his daily operations at 8h00 A.M and finishes at 8:00 P.M.
Until now Eric has had a profit of approximately $220 per month He is requesting his first loan of 500,000 Rwf from Vision Finance Company, a division of World Vision International. With the loan, Eric will buy more shoes to expand his store and from the increased profit he will still be reinvesting in his business.
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.
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