Jean Bosco has been in the business of secretariat services for five years. His business is open from 7 a.m. to 6 p.m. and he works hard to service his clients in the community. This is reflected in the fact that his monthly profit before this loan was approximately 150,000 RWF per month (approximately US$270) and now his monthly profit has been highly increased.
Jean Bosco is requesting his 2nd loan to purchase new equipment and it is worth noting that he repaid his first loan on time and in full. His hope is that by building this business and making it bigger, he is securing a promising future for his young family. He thanks VFC and Kiva lenders for their support.
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.
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