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.
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