Emmanuel sells timber to the local builders and carpenters. Many houses in the rural areas and in his home town are built with timber and also, carpenters buy his timber to make chairs, tables, beds, windows, doors, etc. Besides the timber business, he also sells charcoal, which is used for cooking by many families in his hometown.
With the income, he has been able to buy plot of land where he grows trees for timber to be sold in the future. He has been able to build a house for his family. Recently, he was able to buy himself a mobile phone to communicate with his customers.
He is applying for a loan worth 350,000 Frws to buy more sacks of charcoal to be sold in the nearby local market and buy more timber, which is in demand by carpenters in his town. 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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