The nature of his business is somewhat capital intensive and in order to grow, Bosco is now requesting his first loan from Kiva lenders via Vision Finance Company. He will use the loan in order to expand his shop through purchasing larger quantities of bulk goods and supplies at lower costs. With this additional capital, it will allow him to get the best pricing and adequately satisfy the product needs and wants of his customers.
As any entrepreneur, Bosco hopes to get more profits, which will help him to build a secure future for himself and his family (someday?!).
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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Success!! The loan was 100% repaid