Vincent N. is a tailor in Rwamagana, Rwanda. At 27 years old, he is married and is the father of two children.
Vincent has requested a loan of 500,000 Rwandan francs (FRW). He and another client, Chantal Uwingabire, share a shop together and are looking to expand their business by purchasing an electric sewing machine. The beautiful foot-powered sewing machines they currently use at the shop will withstand the frequent electricity shortages, but are unable to create the classic "zig-zag" stitch of quality, modern clothing. With the new machine, he expects to be able to increase business, working faster and creating better quality garments.
With the profits from the loan, Vincent hopes to pay school fees for his children and start some personal savings. This is Vincent's first loan with Vision Finance Company.
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.