Check out some available loans that are similar to this one!
Yusufu
Yusufu is 52 years old, is married with five children, and he takes care of two dependents. His wife also sells cosmetics but they do not work together. Their children and dependents are between 7 and 26 years old.

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.

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
  • 48
    View loans »
    Rwanda Loans Fundraising
  • $15,329,275
    Funds lent in using Kiva
  • 566.4
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Yusufu to purchase more cosmetics products to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2009
Listed
Dec 5, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010