Edouard has been selling meat for 14 years and currently employs four people to help him. The hours of his business are from 6 a.m. to 6 p.m., Monday through Friday, every week. This loan is his third.
Edouard has requested a Kiva loan, via Vision Finance Company, in order to buy a large quantity of meat to roast for sale. With the profits, he will be able to buy more food for the family, renovate his house, and pay school fees for his 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