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Frank
Frank N. is a 27-year-old single man. He lives in Kicukiro district in Kigali city, the capital of Rwanda.

This entrepreneur owns a store selling phones and dishware in Kicukiro district and sells many types of mobile phones. Frank has many clients in his business, and now he is seeking his first loan worth 500,000 Rwf (US$900) from Vision Finance Company. He hopes to have many more clients after getting this loan, because he will increase the types of mobile phones in his store. Before this loan, Frank earned a monthly profit of US$366.

Frank has 2 years and 6 months of experience in this business. He starts his daily operations at 7:30 a.m. and closes at 9:30 p.m.

With the increased profit, he will reinvest in the business and he hopes to buy a house.

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
  • 55
    View loans »
    Rwanda Loans Fundraising
  • $15,328,600
    Funds lent in using Kiva
  • 567.5
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Frank expand his business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 26, 2009
Listed
Jun 25, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010