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Sylvere
Sylvere is 31 years old and single. He takes care of two relatives who are 12 and 16 years old.

Sylvere is a self-employed businessman. He sells a variety of goods, such as cosmetics products and foodstuffs (bread, rice, sugar, cooking oil, etcetera). His shop is open from 6 a.m. until 7 p.m. daily. He employs two people to help him.

Sylvere has now requested a Kiva loan via Vision Finance Company in order to purchase a large quantity of bread, sugar and rice, as they are in high demand. With this large quantity, he will also start wholesaling. In doing so, Sylvere hopes to earn more profits which in turn will allow him to renovate his house and continue paying school fees for his two relatives.

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
  • 51
    View loans »
    Rwanda Loans Fundraising
  • $15,329,275
    Funds lent in using Kiva
  • 600.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Sylvere to purchase a large quantity of sugar, bread and rice.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 28, 2010
Listed
Jan 13, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011