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Philippe is 32 years old, married and has three children. He makes a living by running a small shop where he sells a variety of goods such as juice, soaps, body lotion and cooking oil. He has been in this business for two years, is doing quite well and now has one employee. He has applied for this loan to expand his business by buying food items such as rice, beans, peas, and Irish potatoes. With these additional items to sell, Philippe hopes that his profits will increase and he will be able to better care for his family. He expresses his sincerest thanks to Kiva and Vision Finance for supporting his business.

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 VisionFund Rwanda

VisionFund 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.

About Rwanda

  • $1,700
    Average annual income
  • 41
    View loans »
    Rwanda Loans Fundraising
  • $18,427,025
    Funds lent in using Kiva
  • 592.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Philippe to buy a variety of new goods to sell to his customers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 25, 2011
Mar 7, 2011
Currency Exchange Loss:
Sep 15, 2011