Providence runs an arts and crafts shop specializing in Rwandan baskets in Kigali, the capital city of Rwanda. She already has one employee after being in business for just one year. Providence works hard 12 hours a day to earn herself 333,000 FRW a month. As it is Providence's first loan, her hope is that, with this 500,000 FRW loan, she can further expand her basket business.
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.
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