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Frederic Francois
Francois was born in 1988 and is married with three children: the first one is 18, the next is 14, and the last is 12. There is no one else in his family who works and, for that reason, he has to work hard so that he can provide all the basic needs of his family.

Francois is seasoned enough in his business, obviously, because he has four years of experience. The hours of his business are from 6 in the morning to 6 in the evening, every day.

Francois is requesting a Kiva loan via Vision Finance Company in order to expand his business through purchasing more bales of clothes to sell. This expansion will allow him to satisfy his customers and attract new ones as well.

With the profits that Francois expects to earn, he will reinvest in his business and pay his children’s school fees.

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
  • 53
    View loans »
    Rwanda Loans Fundraising
  • $15,328,600
    Funds lent in using Kiva
  • 587.4
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Frederic Francois to purchasing more bales of clothes to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2010
Listed
Aug 26, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011