Lucie is in the business of selling a variety of goods in her shop. Those goods include cosmetics products, soft drinks and some food supplies. This is her third successful year in this business and the hours of her business are from 7 a.m. to 6 p.m. every day.
Although Lucie has been in this business for about three years, her profit is still too low to expand meaningfully and she believes that a small amount of additional capital would increase her sales as well as her profits. For that reason, Lucie is requesting a Kiva loan via Vision Finance Company to purchase more goods to add to her shop.
With these additional goods, which seem to be highly in demand in her business area, Lucie hopes to earn more profits than previously. Through the use of this loan, she will build a secure future for her business.
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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