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.
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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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