Jonas is requesting a Kiva loan via Vision Finance Company so that he can expand his business through adding foodstuffs to his shop, as they are highly demanded. Those foodstuffs include rice, sugar, Irish potatoes, beans etc. With these additional goods for sale, Jonas hopes to earn more profits, which in turn will allow him to create some other sources of income by reinvesting some of his profits. In doing so, he will be able to create jobs for the people from his community.
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