Samuel’s business is located in the village of Nyarutarama which is a residential place. He owns a small shop selling different kinds of products such as cosmetics products, soaps, plastic shoes, sugar, rice, and so on. He chose this business simply because it is very profitable as well as important for his neighbors.
Samuel has many years of experience but his monthly profit is still too low to expand his business meaningfully. He believes that a small amount of additional capital would change that for him. For that reason, he is requesting a loan from Kiva lenders via Vision Finance Company to purchase additional products which will make him more efficient and effective and more successful. He thanks VFC and Kiva lenders for their support!
Samuel is very serious in his business; the hours of his shop are from six in the morning to six in the evening every day except on Saturday and he employs one person so that his business runs well. Samuel expects to obtain more profits which will be used for reinvestment in order to satisfy his customers by offering them enough products at a good price.
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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