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Therese
Therese is 62 years old and is married with one child. She owns a small business selling various goods such as breads, cakes and soft drinks in her store. This business is well organized. Therese has 7 years of experience and her business is open from 6am until 8pm every day except on Sunday. She currently employs three people to help her.

Therese has now requested a loan from Kiva lenders in order to increase her business by purchasing new goods like cooking oil, rice, breads and so on for resale. She will be able to satisfy her customers, which will help her to earn more profits. With any profits, she will reinvest in her business and she plans to build her own house.

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
  • 40
    View loans »
    Rwanda Loans Fundraising
  • $15,109,850
    Funds lent in using Kiva
  • 592.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Therese to purchase various goods to sell like breads, cooking oil, and rice.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2011
Listed
Apr 6, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011