This entrepreneur has seen her business grow over the past years and she is now selling food items. She buys beans, rice, and sorghum in tons (many kilograms) and keeps them in her warehouse where she sells them at an increased price when they are in short supply and during the planting season. Besides the business, she also plants beans for both home consumption and for sale.
She is requesting a loan worth 500,000 Frws to increase her food stocks and be able to make money to pay for her children’s school fees next year; they study in secondary schools. 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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