For the past two years, Benon has been in the business of selling packed foodstuffs that include soft drinks, cheese, sardines, etc.. He employs one person as an assistant in his daily business activities and the working hours are 6 a.m. to 7 p.m.
Benon is requesting his first loan from Kiva lenders via Vision Finance Company to purchase a fridge to be used in keeping his products safe and for a longer period. With these new funds, he hopes to provide quality goods to his customers and thus satisfy their needs.
Benon also plans to save a portion of his profits earned, and reinvest the rest in his business expansion. In addition, he will be getting more food for his family.
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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