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.
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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