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Telesphore is 25 years old and is married with one child. He owns a business selling various goods such as rice, sugar, lotions, soap, toothpaste, etc. He has three years of experience. His business is open from 6 a.m. until 9 p.m. every day except on Sunday each week. Telesphore currently employs two people to help him.

Telesphore has requested a Kiva loan via Vision Finance Company in order to buy various goods for resale, such as sugar, rice, lotions, soap, and toothpaste. Through this expansion, Telesphore will be able to earn more profit, which will be used to expand his general store and save for his future.

Additional Information

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.

About Rwanda

  • $1,000
    Average annual income
  • 8
    View loans »
    Rwanda Loans Fundraising
  • $13,437,050
    Funds lent in using Kiva
  • 629.0
    Rwanda Francs (RWF) = $1 USD