Aminadab started up a business in 2007. He runs a shop selling various kinds of shoes and women's clothes. He needs a loan of 500,000 Rwf, which will be used to expand his business. This loan will be repaid in 12 months on a monthly basis.
This entrepreneur believes that once he gets this loan, his shop will become bigger because he is planning to buy men’s clothes, which are more desirable in the market.
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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Success!! The loan was 100% repaid