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Alphonse
Greetings from Alphonse in Gisenyi, Rwanda! He is 25 years old and single but cares for an adopted child.

Alphonse has been in the phone repair business for a number of years. He repairs mobile phones for the local people in his town. Many local people have mobile phones for their business activities.

Alphonse is requesting a loan worth 300,575 Frws to buy materials like batteries and chargers for his business.The loan repayment period is eight months.

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
  • 65
    View loans »
    Rwanda Loans Fundraising
  • $15,230,800
    Funds lent in using Kiva
  • 546.5
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Alphonse to buy more materials for his business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 25, 2008
Listed
Oct 11, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009