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Fulgence
Fulgence, age 26 and single, has owned a motorcycle transport business for the past five years. His business is well organized and open daily from 6 a.m. until 6 p.m.

Fulgence has requested a loan from Kiva lenders via Vision Finance Company in order to buy essential materials like tires for his motorcycle transport. With the profits, he plans to reinvest in his business and to save for his future.

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
  • $15,325,525
    Funds lent in using Kiva
  • 593.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Fulgence to purchase more essential materials like tires.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2011
Listed
Aug 2, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012