Sylvere is a self-employed businessman. He sells a variety of goods, such as cosmetics products and foodstuffs (bread, rice, sugar, cooking oil, etcetera). His shop is open from 6 a.m. until 7 p.m. daily. He employs two people to help him.
Sylvere has now requested a Kiva loan via Vision Finance Company in order to purchase a large quantity of bread, sugar and rice, as they are in high demand. With this large quantity, he will also start wholesaling. In doing so, Sylvere hopes to earn more profits which in turn will allow him to renovate his house and continue paying school fees for his two relatives.
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