Donathile was originally a farmer before thinking on how she could start a small business so that her life situation could be improved. She thought of starting to sell a variety of goods in a shop and this is her third successful year in this business. Her shop is open from 6 a.m. to 6 p.m. every day.
Donathile, after these three years of experience, now has so many customers that she can’t even satisfy them. To end this, she needs to request a Kiva loan which will allow her to add a variety of requested goods such as beans, rice, sugar, etc. With this loan, she is planning to increase her sales and she hopes that her profits will also increase.
With these profits, Donathile will reinvest a portion in her business with the purpose of keeping her business sustainable.
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