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Inyangamugayo No 4 Group
In this Group: Charles , Jean Pierre, Félix, Gérard
Gérard N. was born in Ruhango, in Eastern Rwanda. He is 28 years old, a bachelor and attended school at the elementary level. He lives in Nyamata-Bugesera. He belongs to the INYANGAMUGAYO solidarity group, which is a group whose members are in business and guarantee each other’s loans. Gérard and his group work to meet their financial needs. Gérard, like all the members of his group, takes part in the loan requested to operate his business. The group has taken out a loan from Amasezerano Community Banking to buy articles for their business activities. Gérard wants to stablize his savings in order to buy a house of his own and get married.
View original language description ↓
Gérard N., née à Ruhango l’Est du Rwanda, il a 28 ans, il est célibataire, son niveau d’étude est primaire. Il habite à Nyamata-Bugesera.
Il appartient dans un groupe solidaire appelé INYANGAMUGAYO, qui est un groupe dont les membres font le commerce et ils se garantissent mutuellement, Gérard et son groupe travaillent pour se satisfaire financièrement, Gérard comme tout autre membre du groupe prend sa part du crédit sollicité pour faire de son commerce. Le groupe a contracté un prêt au sein d’Amasezerano Community Banking pour acheter des articles de leurs activités de commerce. Gérard souhaite stabiliser son économie afin d’acheter sa maison d’habitation et fonder son foyer qui veut dire se marier.

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
  • 8
    View loans »
    Rwanda Loans Fundraising
  • $13,437,050
    Funds lent in using Kiva
  • 585.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Inyangamugayo No 4 Group's $1,375 loan helped a member to buy shoes to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011