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Alexis
Alexis is 35 years old and is married with four children. He owns a piece of land where he grows tomatoes and he has been in this business for about five years. He starts working on his land early in the morning and finishes late in the evening hours.

Alexis needs to request a Kiva loan via Vision Finance Company to purchase a machine to be used in fertilizing his tomatoes. With this machine, he hopes that his harvest will increase which, in turn, will increase his sales as well as his profits.

If successful, Alexis will be able to continue taking care of his family and, in addition to that, he will keep finding out how to expand his business.

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
  • 63
    View loans »
    Rwanda Loans Fundraising
  • $15,230,850
    Funds lent in using Kiva
  • 585.2
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Alexis to buy a machine to fertilize his tomatoes.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 17, 2010
Listed
Sep 10, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011