Abdoul’s general store is currently facing an increased demand of some products. Therefore, he is requesting his first loan from Kiva lenders via Vision Finance Company so as to expand his business through purchasing more products that are in high demand. The products to be purchased include cosmetic goods, toilet soaps, toothpastes, cooking oil, and many others.
Abdoul expects to satisfy the growing number of customers who demand his products a lot as well as earning more profits than before. Abdoul will also increase his savings for future financial stability and continue taking good care of his wife and children.
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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