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Kundumurimo Nº 54 / Rsz Group
In this Group: Venuste, Alphonsine*, Florence, Viollètte, Mercianne, Godelive, Maurice*, Adèlle, Josephine, Tharcisse
* not pictured
Venuste is a member of Kundumurimo N° 54 / RSZ Group, which means "loving the work". He was born in Rwanda. He is married and the father of six children, aged 2 to 18. Four of his children attend school. He attended elementary school until sixth grade.

Venuste is a rice farmer. This is his second loan cycle with ACB. He will use his loan to buy chemical fertilizers and pay for labor to work in his rice field.

His growth strategy consists in cultivating a small acreage using chemical fertilizers and yielding a good harvest. In the years to come Venuste would like to become the best rice farmer in his valley. He will use his profit to pay school fees for his children until university level, and to become self-financing.
View original language description ↓
Venuste fait partie du groupe Kundumurimo Nº54 / RSZ. Le nom du groupe signifie « aimer le travail ». Venuste est né au Rwanda. Il est marié avec 6 enfants de 2 à 18 ans, dont 4 scolarisés. Son niveau d’éducation est 6 ans de primaire.

Venuste est cultivateur de riz. C’est son deuxième cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter des engrais chimiques et payer la main d’œuvre pour son agriculture de riz.

Sa stratégie pour la croissance de son business est de cultiver peu d’espace en utilisant des engrais chimiques afin de récolter une grande quantité de riz. Dans les prochaines années, Venuste voudrait devenir le meilleur cultivateur de sa vallée. Avec les profits, il prévoit de payer les frais scolaires pour ses enfants jusqu’au niveau de l’université et s’autofinancer.

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
  • 30
    View loans »
    Rwanda Loans Fundraising
  • $14,314,275
    Funds lent in using Kiva
  • 590.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kundumurimo Nº 54 / Rsz Group's $2,050 loan helped a member to buy chemical fertilizers and pay for labor to work in his rice field.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 12, 2011
Listed
Sep 17, 2011
Currency Exchange Loss:
Possible
Ended:
May 16, 2012