Although Alex has been in this business for a long, his capital is still too low as well as his profits. To end this, Alex needs to request a Kiva loan via Vision Finance Company, which in turn will allow him to increase the sales as well as the profits. With these profits, Alex hopes to start saving as well as reinvesting in his business which hopefully will result in helping him to continue paying school fees for his children and building a secure future for them.
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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