M. Joselyne is an entrepreneur who operates her business in Kigali City where she owns a retail shop selling different kinds of merchandise. Her husband produces a regular income of $240 per month.
Joselyne is seeking her first loan from Vision Finance Company of 500,000 Rwf to be repaid within 8 months. She has been running the same business since 2007 and has no employees. She does her daily work from 6:00 to 9:30 p.m. She earns a monthly profit of approximately $55.
With this loan Joselyne intends to expand her business and, from the increased profits, she will buy a house and have more savings.
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 VisionFund RwandaVisionFund 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.
VFR 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.
28View loans »