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Vincent
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.

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
  • 64
    View loans »
    Rwanda Loans Fundraising
  • $15,267,900
    Funds lent in using Kiva
  • 568.5
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Vincent to buy an electric sewing machine.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 10, 2009
Listed
Jul 8, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010