Florence has a shop where she sells a variety of dishes and kitchen products located in this area. She has been in the business of selling housewares for the past five years. However, she is a relatively new entrepreneur, having been in business for herself for only one year. Florence has a helper who works with her in the shop from seven in the morning until six at night.
Florence is requesting her first loan from Vision Finance Company for the purpose of purchasing a variety of attractive dishes in order to attract more customers and please her current ones. If successful, this will result in greater profits which she will likely reinvest in the business as well as take care of her children and begin to build a secure future for her family.
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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Success!! The loan was 100% repaid