By necessity, K. has been an entrepreneur selling hens for just one year now but his business is succeeding. He employs one person in his business and he works long days - 12 hours or more.
K. is now requesting his first loan from Vision Finance Company. The purpose of the loan is to purchase more hens and supplies. With this loan, he hopes that he will become more competitive and attract more customers. All of this will hopefully result in his earning more profit, which in turn will help him to pay school fees for his children, provide more food for his family, and provide a more secure future for them as well.
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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