Susan is a self-employed businesswoman selling spare parts in her area. The entrepreneurs of this area are interested in selling spare parts as they are purchased more often than other goods. Susan has been in this business for about a year and her shop is open from 7 a.m. to 6 p.m. every day.
Since her customers keep increasing beyond her selling capacity, Susan needs to request a Kiva loan which will allow her to expand her shop by adding a variety of spare parts, mainly those which are in high demand by her customers.
With this additional business, Susan will hopefully earn more profits which, in turn, will allow her to start reserving for future reinvestment in her business as well as for the wellbeing of her family.
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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