Yusufu is a self-employed businessman who has sold cosmetics products for the past ten years. He is a proven entrepreneur with a track record of success. The hours of his business require that he works from 7 a.m. to 8 p.m. every day except Sunday.
After having the idea of expanding his business, Yusufu is requesting his first loan from Kiva lenders via Vision Finance Company. He will use the loan to purchase more cosmetics products which are in demand by a large number of his customers.
With this loan, Yusufu will work hard to make his business successful. If this strategy succeeds, he hopes to earn more money, which will help him to continue paying school fees for his children and dependents. In addition, he and his wife are committed to building a secure future for their 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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