Although Alexis has been in the business for 6 years, his capital reserves are still too low to expand his shop. He believes that a small amount of additional capital would allow him to expand his business by purchasing some new goods to sell. His sense of the market is that his current customers will respond well to these new offerings and he may also attract new clients. He believes his strategy will be a profitable one and is looking for funding and loan investors. Alexis is, therefore, requesting his first loan from Kiva lenders via Vision Finance Company.
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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