Christian’s shop is relatively new - only 7 months old, but so far the business is doing quite well. He employs two other people as helpers in his store. He works long days and is trying to establish his business as a leading provider of general and sundry merchandise in his community.
This is Christian’s first loan from Vision Finance Company and Kiva lenders and he hopes to use the proceeds to help his cash flow and working capital situation. He will also use the loan to buy new items for this shop that he thinks his customers will want to purchase. At the same time, by purchasing in larger quantities he will be able to garner lower prices for his products which will give him more profit at the end of the day.
Christian wants this business to succeed to provide a secure future for himself and his dependents.
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.
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Success!! The loan was 100% repaid