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Urumuli / Rbv Group
In this Group: Thérèse, Elie, Damarce, Séraphine, Vestine
Thérèse is a farmer and a member of the Urumuri groupe. Born in Rwanda, Thérèse is a 54-year old widow and the mother of 5 children between the ages of 7 and 19, three of whom go to school. She herself had 4 years of primary school. This is her second loan cycle with ACB. She will use the loan to buy 400 kilograms of potatoes and 50 kilograms of chemical fertilizer, and to pay the manual labourers. In order to be able to pay for the education of her children and give her family a better future, Thérèse's goals include growing her business and she plans to buy more fields so that she can increase potato production. She would eventually like to become a large, reputable seller and distributor of potatoes in her region.
Thérèse est agricultrice, elle membre du groupe Urumuri. Elle est veuve, elle est âgé de 54 ans. Elle a 5 enfants entre 7 ans et 19 ans. Elle a trois enfants qui vont à l’école, elle est né au Rwanda.son niveau d’éducation est 4 ans de primaire. C’est son deuxième cycle de prêt avec ACB. Elle va utiliser le prêt pour acheter 400kgs de pommes de terre, 50kgs d’engrais chimique, et paye la main d’œuvre. Sa stratégie pour la croissance de l’affaire est d’acheter des champs pour augmenter la production des pommes des terres. Dans l’avenir il voudrait devenir un grand commerçante connue dans sa région et distributeur des pommes de terre partout dans sa région et agrandir son business, elle voudrait éduquer ses enfants et prépare un meilleur 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
  • 42
    View loans »
    Rwanda Loans Fundraising
  • $13,302,075
    Funds lent in using Kiva
  • 592.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Urumuli / Rbv Group's $1,525 loan helped a member to buy 400 kgs of potatoes and 50 kgs of chemical fertilizer, and to pay the manual labourers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 5, 2011
Listed
Aug 25, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012