This entrepreneur sells various items in local markets such as cooking pots, cassava flour, sandals, and clothes for young children, household utensils, foodstuffs, etc. Besides this business, this client owns various plots of land and grows potatoes, beans, and sorghum both for home consumption and for sale to increase his income. He employs 2 people to help him in the business.
He is applying for a loan worth 515,000 Frws to increase his inventory. He will be repaying this loan over 7 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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