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Abakundisuka Group
In this Group: Liberatha, Stefano, Albert, Fidele, Valerie, Samuel, Mediatrice, Joseph, Jean Claude, Cassien, Alphonsine, Eveline, Fabien, Venancie*, Pascasie, Rahabu, Bonifrida, Dorothe, Beatrice, Lea, Enos*, Faustin
* not pictured
Albert S. is a rice cultivator in Ruhuha sector, a member of Abakundisuka group, and has been a customer of Kiva's partner, ACB, since 2009. He's 31 years old, married, and has three children, aged 2 to 8. One of them attends school.

Albert was born in Bugesera, in Rwanda, and attended elementary school. He is seeking his third loan from ACB, and his repayment history is very good. He will use his loan to buy fertilizers, and to pay for labor.

His strategy for growing the group's business is its members' unity, living in the same agglomeration, fighting poverty by working restlessly, and valorizing rice cultivation in his region.

He would like to own machines to help him with his activity, and at least one cow for each member of the group. For his family and himself, he would like to have a cow to provide milk to the family members, send his children to school, and feed his family in a decent manner.
View original language description ↓
Albert S. est agriculteur du riz dans le secteur du Ruhuha, membre du groupe Abakundisuka, et client d’ACB depuis 2009. Il a 31 ans, il est marié, et il a 3 enfants entre 2 ans et 8 ans. Un de ses enfants va à l’école. Il est né a Bugesera, au Rwanda, et il a une éducation d’école primaire. Ce crédit est son troisième cycle avec ACB, et il a une très bonne histoire de remboursement. Il va utiliser son prêt pour l’achat des fertilisants, et le paiement de main d’œuvre. Sa stratégie pour la croissance de l’affaire est l’unité des membres, et vivre dans une même agglomération, la lutte contre la pauvreté en travaillant sans chercher le repos, et la valorisation de la culture de riz dans sa région. Il voudrait avoir les machines pour lui aider avec son activité, et avoir une vache au moins pour chaque membre du groupe. Pour sa famille et lui-même, il voudrait avoir une vache pour donner le lait aux membres de la famille, scolariser ses enfants, et nourrir la famille convenablement.

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
  • 23
    View loans »
    Rwanda Loans Fundraising
  • $11,741,025
    Funds lent in using Kiva
  • 592.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Abakundisuka Group's $4,200 loan helped a member to buy fertilizers and pay for labour.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 26, 2011
Listed
May 5, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012