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.
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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