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Greetings from M. Eugene, a 31 year-old married man with a 1 year old child residing in Nyarugenge district of Kigali city, the capital of Rwanda.

This entrepreneur rents a plot in Nyarugenge market and sells men's clothes especially jeans. Despite his experience of 15 years in this business, Eugene employs 2 regular workers. He is requesting his first loan worth 500,000 Rwf from Vision Finance Company, the partner of World Vision Rwanda.

Before this loan he used to earn a monthly profit of $84 US. He starts his daily activity at 6:30 AM and works to 7:00 PM. With this loan he will buy more clothes to expand his business and with increased profit he hopes to buy a house.

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 VisionFund Rwanda

VisionFund 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.

About Rwanda

  • $1,700
    Average annual income
  • 40
    View loans »
    Rwanda Loans Fundraising
  • $18,266,225
    Funds lent in using Kiva
  • 567.2
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Eugene to buy more clothes.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Jun 25, 2009
Jun 24, 2009
Currency Exchange Loss:
Mar 15, 2010