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Florence
Florence is 26 years old and is married with one child who is three years old. She earns a living by selling goods such as lotions, soap, sugar, salt and so on. This is her second successful year in this business. Her business is well organized. She operates her business from 8 a.m. until 6 p.m. every day except on Saturday. She employs one person to help her.

Florence has requested a Kiva loan via Vision Finance Company in order to expand her business by purchasing more lotions, soap, sugar, salt and so on for resale. By adding more goods and workers, she hopes to earn more profit. With this profit, she will save for her family, reinvest in her business, and renovate her 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
  • 42
    View loans »
    Rwanda Loans Fundraising
  • $15,218,725
    Funds lent in using Kiva
  • 593.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Florence to purchase more goods to sell, such as lotions, soap, and sugar.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2011
Listed
Aug 4, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012