Frederic is 25 years old and is married with two children who are 1 and 2 years old. Frederic lives by sewing different styles of clothes and this is his 5th successful year in this business. He operates his business from morning until late in the afternoon hours.
Frederic needs to request a Kiva loan via Vision Finance Company s.a. to purchase four sewing machines and some clothing items. Thus, he will create four jobs for the people in his community.
By expanding his business and adding more equipment and workers, Frederic will hopefully earn more profits and these profits will allow him to create other areas of the same business. In addition, he and his family, will get their own shelter.
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.