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Faustin
Faustin is 40 years old, married, and takes care of one dependent who is 35 years of age. Faustin lives in the Musanze district which is approximately 2 hours' drive from Kigali, the capital city of Rwanda. Faustin is a relatively new entrepreneur; he has owned his small shop selling a wide variety of goods including new clothes and some items used in in cooking since 2007, working from 7 AM to 6 PM every day.

Faustin struggles to make a profit each month and believes that he does not carry enough variety of attractive goods. To this end, a small amount of additional capital would help his business to grow in a meaningful way, he believes. For that reason, he is requesting his first loan from Kiva lenders via Vision Finance Company to purchase these additional goods such as attractive dishes so that he may attract more and different customers and increase his sales in the process. If his notion to expand his product offering is successful, Faustin will be able to build his business and a more secure future for his family.

Additional Information

More information about this loan

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.

About Rwanda

  • $1,700
    Average annual income
  • 53
    View loans »
    Rwanda Loans Fundraising
  • $15,329,275
    Funds lent in using Kiva
  • 568.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Faustin a variety of goods including new clothes and some iftems used for cooking.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2009
Listed
Dec 1, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010