Felix runs a cinema. Felix has chosen this business because there are many young people in his village who like to watch movies. This business is profitable. This is his first successful year in his business. He is requesting a loan from Kiva lenders via Vision Finance to buy some new equipment and air conditioning, which is very important to attract more customers.
Felix employs four people from his community so his business runs smoothly. This loan will help him to improve his business by buying modern equipment and supplies. When Felix obtains more profits, he expects to save money and to reinvest in the business.
His cinema is open from 6:00 in the morning to 9:00 (2100) in the evening every day except Sunday.
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