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Philomene is 45 years old and is married. She has five children, aged between 7 and 31 years old. She takes care of one dependent who is 12 years old. Philomene sells various goods such as: colgate, lotions, pens, etc. Her business is well known and well organized and she has 12 years of experience in this business. She currently employs six people to help her and she works from 6am to 7pm daily, all week except on Saturday.

Philomene has requested her loan from Kiva, via Vision Finance Company, in order to purchase various goods such as: Colgate, lotions, pens, etc to sell. With any profits, Philomene will be able to save money for her future, reinvest in her business and she will be able to pay children school fees.

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
  • $18,427,025
    Funds lent in using Kiva
  • 593.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Philomene to purchase various goods such as: colgate, lotions, pens, etc to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Nov 29, 2011
Jan 1, 2012
Currency Exchange Loss:
Oct 15, 2012