Susan is a self-employed businesswoman selling spare parts in her area. The entrepreneurs of this area are interested in selling spare parts as they are purchased more often than other goods. Susan has been in this business for about a year and her shop is open from 7 a.m. to 6 p.m. every day.
Since her customers keep increasing beyond her selling capacity, Susan needs to request a Kiva loan which will allow her to expand her shop by adding a variety of spare parts, mainly those which are in high demand by her customers.
With this additional business, Susan will hopefully earn more profits which, in turn, will allow her to start reserving for future reinvestment in her business as well as for the wellbeing of her 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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