Her line of business is a hair salon for women. She has four years of experience in this business; her savings have allowed her to pay the rent. She has been saving with ACB [Amasezerano Community Banking] for three years. The loan she just took out is for purchasing salon hair dryers to be used after doing her clients’ hair; this will allow her to earn an income and repay her loan. She is on her first loan as her group has been recently formed; she will use the income derived from her income to pay for rent and to increase her business volume as well as savings. In the future, after repaying this loan, she could apply for a new loan and have her own house built.
Elle fait le commerce de salon de coiffure pour dame, elle a une expérience de 4 ans dans ce domaine et les épargnes lui ont aidé de payer son loyer. Elle épargne dans ACB avec laquelle elle est client, il y a 3ans. Le prêt qu’elle vient de contracter c’est pour acheter des casques pour sécher les cheveux des femmes en salon de coiffure après le de frisage et en tirer les bénéfices et rembourser son prêt.
Elle contracte son premier prêt car son groupe est récemment formé, les intérêts tirés de son business, elle les utilisera pour payer le loyer et augmenter son chiffre d’affaires et épargner.
Dans l’avenir, après avoir terminé de rembourser le prêt, elle pourra avoir un nouveau prêt, et elle pourra construire sa propre maison.
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