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Rachel
Rachel is 33 years old and married with three children who are 3, 5 and 8 years old. Rachel owns a shop where she sells a variety of goods including cosmetics, water and some other goods as shown. Rachel has had this shop for a few years. Her shop is open from early in the morning until late in the evening.

Rachel needs to request a Kiva loan via Vision Finance Company s.a. With this loan, she will expand her business by purchasing a variety of foodstuffs in high demand by a large number of her customers. These foodstuffs will include rice, sugar, beans, Irish potatoes, cooking oil, etc. With these additional foodstuffs, Rachel will hopefully earn more profit, which will allow her to keep reinvesting for better financial stability and to continue taking care of her future.

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
  • 48
    View loans »
    Rwanda Loans Fundraising
  • $15,230,800
    Funds lent in using Kiva
  • 583.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Rachel to buy a variety of foodstuffs including rice, sugar, beans, Irish potatoes, cooking oil, etc.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2010
Listed
Oct 30, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011