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Abakundumurimo (Mrm) Group
In this Group: Felicien, Edouard, Innocente, Cyprien, Callixte, Emmanuel
Félicien is a client of the microfinance institution ACB and a member of Abakundumurimo Group. He is single, 30 years old and Rwandese. He lives with his younger brother who is under his care. He studied until sixth grade in secondary school. This is his first loan cycle with ACB. He will use his loan to buy fertilizers (urea, nitrogen-phosphorous-potassium fertilizer) for his tomato fields. His growth strategy consists in improving his current tomato crops and harvesting more tomatoes to satisfy the demand from the market. His ambition is to become a great tomato seller in his area, pay the tuition fees for his young brother and secure the future of his family.
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Félicien est le client d.ACB, il est le membre du groupe Abakundumurimo .Il est célibataire, il a 30 ans, il vit avec son petit frère et il est dans son charge, il est Rwandais, il a 6 ans des études secondaire. C’est son première cycle de prêt avec ACB, et avec le prêt il va acheter des fertilisants (urée, NPK) pour les champs des tomates.la stratégie pour la croissance de l’affaire est d’améliorer les activités actuelle de l’agriculture de tomates en augmentant la quantité des tomates pour satisfaire le marché. Pour son ambition il voudrait être un grand distributeur de tomates dans sa région, paye les frais des scolarités pour son petit frère et prépare l’avenir pour sa famille.

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
  • 66
    View loans »
    Rwanda Loans Fundraising
  • $11,850,375
    Funds lent in using Kiva
  • 593.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Abakundumurimo (Mrm) Group's $1,025 loan helped a member to buy fertilizers (urea, nitrogen-phosphorous-potassium fertilizer) for his tomato fields.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 4, 2011
Listed
Aug 21, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012