Edouard and his group are working to increase the financial capacity of their group, and to develop their business. In fact, the group has obtained a loan through Amasezerano Community Banking to buy items to resupply their businesses. The profits gained after the sale of these products will be reinvested to maintain the group's financial stability and savings in order to prepare for a successful future. One of the members is sick, which is why only five appear in the photo.
Regarding the group:
A group loan means that each member takes a certain amount and uses it for his/her own business. The advantage is that the group guarantees the individual loans of its members, and if one member is unable to repay the loan, all the other group members will make up the difference instead.
Edouard et son groupe travail pour augmenter la capacité financière de leur groupe, et valoriser leur business. En fait, le groupe a contracté n prêt au sein d’Amasezerano Community Banking pour acheter les articles pour ravitailler leur business.les bénéfices récoltés après vente de ses produits seront réinvesti pour maintenir la stabilité financière du groupe et épargner afin de préparer pour le bon future, un des mebmres est malade ,c'est pourquoi ils sont cinq sur la photo.
Concernant le groupe
Un prêt de groupe signifie que chaque membre prend son montant et l’utiliser pour son propre business, l’avantage est que le groupe garantisse pour les prêts individuels de chaque membre et si un membre ne parvient pas rembourser, tout les membres du groupe remboursent a sa place.
About Amasezerano Community Banking, S.A.Amasezerano Community Banking, S.A., is a for-profit microfinance institution founded in 2005 by the Rwandan NGO African Evangelist Enterprises-Rwanda and 61 individual shareholders, and has been a Kiva partner since June 2010. The mission of Amasezerano Community Bank (ACB) is to have a holistic, positive impact on the lives of poor people by providing quality financial services. ACB’s client base is composed primarily of farmers, small-business owners, women entrepreneurs and low-wage private-sector salaried workers. Credit offerings are tailored to meet client needs, and include group solidarity loans, agricultural loans, loans for women entrepreneurs, small-business loans, and loans for salaried workers. ACB also offers mobile money transfers, currency exchange and life insurance services to its borrowers.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid