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Charles is old man who is 57 years old. He is married and has three children, ages 8, 14, and 18. Charles and his family live in the Kicukiro District, Kigali Province in the village Kanombe near the international airport in Rwanda. This is also the place where his business is location.

Charles, alone, works to provide for the basic needs of his family by selling various styles of clothes. Charles chose this business because it is profitable and easy. His business is very organized. Charles employs two people as helpers in his business so that his business runs smoothly.

Charles is requesting a loan from Kiva lenders via Vision Finance Company to expand his business by purchasing an various additional clothes. His business is known in his region. He needs to expand his product line to satisfy his customers by offering them the good quality clothes in various styles. The profits that Charles expects to obtain will help him to save money for his family and pay the school fees for his children.

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 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.

About Rwanda

  • $1,700
    Average annual income
  • 46
    View loans »
    Rwanda Loans Fundraising
  • $16,941,150
    Funds lent in using Kiva
  • 573.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Charles to buy more products to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Feb 16, 2010
Feb 17, 2010
Currency Exchange Loss:
Nov 16, 2010