Chantal, who has been in this business for two years, also works in the African Library. In addition to that, her salon business in Kigali attracts many working-class clients. She employs three people in her salon. She is open from 8am until 7pm every day. One of the challenges in her business is not having enough equipment in the hair salon, especially for her women clients.
Chantal has requested a loan from Kiva lenders to purchase more essential materials for her beauty salon. With this profit, Chantal will reinvest in her business and save for her future.
About Vision Finance Company s.a – Rwanda (VFC)
Vision Finance Company (VFC) was Kiva's first partner in Rwanda. Established in 1999, VFC is an affiliate of World Vision International. Since its founding, VFC has been committed to alleviating poverty in Rwanda by ensuring that poor people have access to credit to support business initiatives that will improve their life circumstances.
VFC has a broad set of products and services, offering Community Banking services for self-selected groups of 10-30 borrowers, Solidarity Group services for more experienced groups of entrepreneurs, and Individual Loans for customers who already have a small established business. Vision Finance is also among the very few financial institutions targeting farmers and providing agricultural credit options in Rwanda, where access to credit is critical to the success of agricultural enterprises.
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Success!! The loan was 100% repaid