This client has been in a credit association since 2005. He sells various items such as clothes, used shoes, household utensils, cooking pots, sandals, blankets, basins, cups, plates, etc. in the local market in his town. He has a small shop where he sells from, and during market days, he transports his items on his bicycle to sell them to the local people who come to the market. He employs 2 people to help him run the business.
He is looking for a loan worth 515,000 Frws to increase his inventory by buying more clothesa and shoes since he is anticipating increased sales during this Christmas season. This loan will be repaid over 8 months.
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.
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