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Ndayambaje
H. is a carpenter and is married with two children. He owns two machines which allow him to make timber for sale. He has been in this business for about fifteen years and the hours of his business are from 7 a.m. to 5 p.m. every day.

With these fifteen years of experience in his business, the number of H.’s customers has increased to the extent that he can not now satisfy his customers. To end this, he would like to request a Kiva loan via Vision Finance Company in order to purchase an additional machine which will be useful in making many timbers for sale.

With this machine, H. will satisfy the demand of his customers and he will, hopefully, earn more profits. These profits will allow him to continue taking care of his family. In addition, he will keep reinvesting in his business through creating many sources of income and creating more jobs for the people in his community.

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
  • 37
    View loans »
    Rwanda Loans Fundraising
  • $15,198,425
    Funds lent in using Kiva
  • 578.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Ndayambaje to buy an additional machine for making timber.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2010
Listed
May 18, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011