Pelagie owns a business selling sorghum. Her business is well known and well organized and she has four years of experience in this business. She currently employs three people to help her and her business runs from 7 a.m. to 5 p.m. per week except on Sunday.
Pelagie has requested a loan from Kiva via Vision Finance Company in order to buy large quantities of sorghum for resale. With any profit, Pelagie will reinvest her profits in her business and pay school fees for her children.
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