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Abakoranabushake / Rsz Group
In this Group: Victor, J.damascene, Innocent
Jean Damascène is a merchant and a member of the group Abakoranabushake. He was born in Rwanda and is 39 years old. He is married and has four children, from 6 to 13 years old. The four children are in school. He has a 7th grade education.

This loan cycle is his first one with ACB. He is going to use his loan to buy metal for making different items to resell in his area and in neighboring countries. His strategy for business growth is to work a lot to publicize his business to his customers.  

In the next few years, Jean would like to be a major merchant and to distribute items manufactured from metal. With the profits, he would like to cover the cost of schooling for his children.
View original language description ↓
Jean Damascène est commerçant et il est membre du groupe Abakoranabushake. Il est né au Rwanda et a 39 ans. Il est marié et il a 4 enfants de 6 à 13 ans, dont 4 scolarisés. Son niveau d’éducation est 7 ans de primaire.
C’est son premier cycle de prêt avec ACB. Il va utiliser son crédit pour acheter les fers (métaux) de la fabrication des différents objets pour les revendre dans sa région et dans les pays voisin.
Sa stratégie pour la croissance de son business est de travailler beaucoup pour faire connaitre son business aux clients. Dans les prochaines années, Jean voudrait être un grand commerçant, et distributeur des objets fabrique en métal. Avec les profits, Il voudrait payer les frais des études pour ses enfants.

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

  • $1,700
    Average annual income
  • 41
    View loans »
    Rwanda Loans Fundraising
  • $15,198,425
    Funds lent in using Kiva
  • 590.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Abakoranabushake / Rsz Group's $525 loan helped a member to buy metals for making various items to resell in his area and in neighboring countries.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2011
Listed
Aug 25, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012