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Assumpta
Assumpta is 45 years-old and is married with one child who is ten years old. Assumpta's husband is a salesman. They both work hard in order to obtain all of the basic needs for their family. Assumpta owns a small business where she sells new clothes. Her business is known in the area and well-organized. She works from 7.30am until 6.30pm every day and has 12 years experience.

Assumpta will use this loan to purchase additional clothing to sell. Assumpta will be able to attract more customers and earn more profit by expanding her stock. With any profits made from the loan, Assumpta plans to reinvest in her 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
  • 59
    View loans »
    Rwanda Loans Fundraising
  • $15,272,975
    Funds lent in using Kiva
  • 592.7
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Assumpta to purchase more clothes to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2010
Listed
Nov 29, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011