Jean Damascene owns a shop where he sells various items such as bags of sugar, beans, maize flour, cassava flour, exercise books and pens for school children, powdered soap, household utensils, etc. He employs one person to help run the business. Besides running his shop, he also grows various food crops such as potatoes, cabbage, and tomatoes for sale to increase his income.
He is applying for a loan worth 515,000 Frws to increase his stock by buying more household utensils and also manure to fertilize his garden for more production. This loan wil 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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