Emmanuel N. is 20 years old and single. He lives with other family members in Bugesera district, a western province of Rwanda where he owns a small retail shop. This general store sells different kinds of products and has been in operation since 2007. He works by himself in the store, which is open everyday from 6 a.m. to 9 p.m.
Emmanuel is requesting a loan from Vision Finance Company in order to increase his business. He will use the loan to purchase more merchandise for sale in his store to attract more customers and serve existing customers better.
According the Emmanuel, the projected profits from the business, aided by the loan, are approximately 170,000 RWF ($300) per month. He hopes to save enough money to buy his own house and to save money as well to make a better future for himself.
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.