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Odette
Greetings from Odette in Kabuga, Rwanda! Odette is requesting her first loan from Vision Finance Company so that she may buy more stock for her hardware store. She opened the business in 2005 and currently employs 2 people to assist her in running the shop. She works daily from 6:00am to 6:30pm and earns a monthly profit of approximately 60 USD. She is hoping that this loan will enable her to increase her profit so that she may build a house and more easily pay school fees for her children.

Odette is 43 years old, married, and has five children and cares for one additional 23-year-old orphan. Her children are aged 8, 10, 13, 17, and 19. She is requesting a loan of 500,000 Rwandan Francs to be paid back over 12 months.

Additional Information

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.

About Rwanda

  • $1,700
    Average annual income
  • 63
    View loans »
    Rwanda Loans Fundraising
  • $15,230,850
    Funds lent in using Kiva
  • 566.5
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Odette to increase hardware store inventory.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 13, 2009
Listed
Apr 8, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010