This client started his agricultural business in 2004 with a loan worth US$ 100 from Vision Finance Company. He has been paying his previous loans on time and he is currently on the 6th loan cycle. He grows various fruit such as passion fruit, avocados, oranges, pineapples, etc. Besides growing fruit, he also raises cows that produce milk and manure for his gardens.
He employs 4 people in his business and is looking for a loan worth 300,000 Frws to buy more manure to fertilize his gardens for fruit and to grow grass for his cows. He will be selling milk from the cows as added income. He is therefore requesting a loan worth 300,000 Frws. The loan term is 8 months, repaid monthly.
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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