His line of business is selling clothing for men or women, something he started to do in 2005 with a starting capital of 70,000 Rwandan francs. Thanks to ACB his enterprise has picked up, and he is ready to request a larger loan in order to achieve a higher level of revenue.
Il a commencé ses petits commerces des habits pour hommes et femmes depuis 2005 avec un capital initial de 70.000Frw en commercialisant des vêtements. Mais grâce a l’ACB sa qu’elle a amélioré ses activités de commerce parce qu’il est prés à solliciter un prêt de supérieur pour pouvoir augmenter son chiffre d’affaire.
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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