Ernest owns a stock of sorghum. He buys the sorghum during the harvest time and keeps it in the store until the prices increase when it is in short supply and he can sell it to local breweries for making beer and to small local beer producers. The common local brew produced out of sorghum is Urwagwa, which is mostly drunk by local people in rural areas especially during wedding celebrations.
Besides the buying and selling of sorghum, Ernest also grows potatoes, which are commonly produced in the area where he lives because of the fertile volcanic soils in the region. He earns about US$ 140 every month from all his commercial activities. He employs 4 people in both his farm and in the selling of sorghum.
He is looking for a loan worth 515,000 Frws to buy more sorghum to increase his stock since he has the market to sell it to the local breweries, who otherwise make banana beer. This loan will be repaid in 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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