The nature of his business is somewhat capital intensive and in order to grow, Bosco is now requesting his first loan from Kiva lenders via Vision Finance Company. He will use the loan in order to expand his shop through purchasing larger quantities of bulk goods and supplies at lower costs. With this additional capital, it will allow him to get the best pricing and adequately satisfy the product needs and wants of his customers.
As any entrepreneur, Bosco hopes to get more profits, which will help him to build a secure future for himself and his family (someday?!).
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