For one year, Theodore has been in the business of selling drinks made from sorghum and he employs two people in his business. The hours of his business are from 6 a.m. to 5 p.m. every day except Sunday.
Theodore is now requesting a loan from Kiva lenders via Vision Finance Company for the purpose of adding to his capital and purchasing more sorghum, as the demand of his customers keeps growing.
With this loan, Theodore hopes that his number of customers will increase as well as his profits, which in turn will help him and his devoted wife to build their own house.
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