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Aloys
Aloys was born in 1978 and is still single. He owns a small business selling various products such as soap powder, cosmetic products, plastic cups and so on. Aloys has an experience of five years in his business but his profit is not enough to expand his business and sort out his personal problems. The hours of his business are from 5 in the morning to 10 in the evening every day except on Sunday. His business is known in the region and that is the reason Aloys needs to expand it.

Aloys is now requesting a loan from Kiva lenders via Vision Finance Company in order to grow his business through purchasing the other products like beans, green bananas, sugar, and other foodstuffs so that he can satisfy the demand of his customers. In this way, Aloys will be able to obtain more profits. Using this increased profit, Aloys expects to get married.

Additional Information

More information about this loan

This loan helps low-income entrepreneurs in Rwanda grow their businesses and, ultimately, to support their families. These loans typically serve very poor and rural clients and particularly women, who often lack access to the traditional collateral needed for a loan. VFC serves these entrepreneurs through both individual and group loans and provides them with financial education and tools for them to save money for the future. By supporting this loan, you are helping Rwandan entrepreneurs build the means to support their families and improve their lives.

About Vision Finance Company s.a – Rwanda (VFC)

Vision Finance Company, soon to be known as Vision Fund Rwanda (VFR), is the microfinance subsidiary of World Vision and is one of the largest microfinance institutions serving rural underprivileged communities in Rwanda, many of which do not have access to formal financial services.

VFC serves people and communities that are economically productive but low-income, especially in very rural areas. This includes small business owners and salary earners who are looking for opportunities to provide better lives for their families and a promising future for their children.

About Rwanda

  • $1,700
    Average annual income
  • 59
    View loans »
    Rwanda Loans Fundraising
  • $15,325,525
    Funds lent in using Kiva
  • 583.2
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Aloys the purchase of soap powder, cosmetic products, plastic cups and so on.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2010
Listed
May 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011