Theodomil is now requesting a Kiva loan via Vision Finance Company in order to expand his business through adding a large quantity of foodstuffs such as different types of flour, Irish potatoes, rice, etc. With these additional goods for sale, he hopes that he will earn more profits than previously. Those profits will allow him to keep reinvesting in his business and build his own house which he has wished for for a long time.
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