Hussein earns his living by driving a motorcycle-taxi. He transports people on the motorbike around Gisenyi town. He also transports luggage to and from local markets. Besides his transportation business, his wife operates a small shop in town where she sells various home use items. He earns about US$ 135 from transporting people on his motorbike.
Hussein is looking for a loan worth 502,265 frw to buy a new motorbike because the one he owns is getting old. He will be repaying this loan on monthly basis over 8 months.
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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