Lydia is a farmer. This loan cycle is her first one with ACB. She is going to use her loan to buy 200 kg of potatoes and 50 kg of fertilizers and to cover the cost of labor.
Her strategy for business growth is to increase her capacity by buying more fields. In the next few years, Lydia would like to become a major farmer in her sector and to build another house for her family, as well as to continue covering her children's schooling costs.
Lydia est agricultrice. C’est son premier cycle de prêt avec ACB. Elle va utiliser son crédit pour acheter 200 kgs de pommes de terre, 50 kg de fertilisants et payer la main d’œuvre.
Sa stratégie pour la croissance de son business est d‘augmenter la capacité en achetant d’autre champs. Dans les prochaines années, Lydia voudrait devenir une grande agricultrice dans son secteur et bâtir une autre maison pour sa famille et continuer à payer les frais d’études pour ses enfants.
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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