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Joel
Joel is 39 years old and is married with five children who are between 3 and 15 years old. His wife is working as a salesperson at Rwanda Motors. Joel is known in the business of selling new clothes, mainly men’s clothes. He has been in this business for about five years and his boutique is open from 7am until 6pm every day except Saturday. He currently employs one person.

Joel has requested a loan to help expand his business through adding new men's pants, shirts and other styles. With this loan, he has a vision of wholesaling and retailing at the same time so that he can increase his revenue. If successful, Joel hopes to continue building a secure future for his family.

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
  • 588.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Joel to purchase more clothing to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2010
Listed
Dec 13, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011