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Damien is 34 years old, married, and has three children between three and seven years old. He sells charcoal. The borrower put leaves on the sacks of charcoal to cover and then sales sacks in wholesale not in retail. He has three years of experience in this business. He works from 7:00 a.m. until 8:00 p.m. every weekday and he currently employs one person to help him.

Damien has requested a loan from Kiva lenders via Vision Finance Company to expand his business by purchasing more charcoal covered in the sacks for sale. Once his business is expanded, he hopes to reinvest in this business and to save for the future.

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
  • 42
    View loans »
    Rwanda Loans Fundraising
  • $18,423,625
    Funds lent in using Kiva
  • 591.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Damien to purchase more charcoals covered in the sacks for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 24, 2011
Sep 12, 2011
Currency Exchange Loss:
Mar 15, 2012