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Cotamoru Group
In this Group: Kizito, Jean Pierre, Jean D'amour, Augustin, Bonaventure, Evariste, Ibrahim, Elie, Serge, François
M. Kizito, aged 23, is an unmarried young man who did not attend school.  He lives with his mother, three brothers, and a sister.  Kizito is the head of the family.  He is a member of the group called COTAMORU (Coopérative de taxi motards de Rubavu), a co-op of motobike taxi drivers of Rubavu which is a group of about fifty members subdivided into small groups of ten persons.  Many of them use motorbikes that are not theirs.  Kizito himself has need of a loan to increase his savings in order to purchase his own motorbike.  As with any other group, he is jointly guaranteed.   

Kizito and his group work to increase the financial capacity of their group and to upgrade their businesses.  In fact, the group has signed a loan with Amasezerano Community Banking to buy goods to supply their businesses.  The profits gathered from their business are reinvested to maintain the group's financial stability and to save money in order to have a better future. 

Concerning the group.
A group loan means that each member takes his amount and uses it for his own business.  The advantage is that the group guarantees the individual loans.  And if a member becomes answerable for his commitments, all the members of the group pay up for him.
View original language description ↓
M. Kizito, jeune gens de 23 ans, célibataire, il n’a pas fréquenté l’école. Il vit avec sa mère et trois frères et une sœur. C’est lui qui est responsable de la famille.
Membre du groupe appelé COTAMORU (Coopérative de taxi motards de Rubavu), qui est un groupe de transporteurs de taxi moto, c’est un groupe d’une cinquantaine des membres subdivisé en petits groupes de dix personnes. Beaucoup d’entre eux utilisent les motos qui ne sont pas les leurs. Kizito, lui a besoin un prêt pour augmenter ses épargnes pour acheter sa propre moto. Comme tout autre groupe, il donne une garantie de caution solidaire.
Kizito 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 de leur business sont réinvesti pour maintenir la stabilité financière du groupe et épargner afin de préparer leur meilleur future.

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 devient garant de ses engagements, tout les membres du groupe remboursent à sa place.

Additional Information

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.

About Rwanda

  • $1,000
    Average annual income
  • 106
    View loans »
    Rwanda Loans Fundraising
  • $12,654,950
    Funds lent in using Kiva
  • 581.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Cotamoru Group's $2,075 loan helped a member buying a motorbike for transport.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2010
Listed
Jun 25, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011