- RwandaAgricultureFunding via Vision Finance Company s.a. (VFC), a partner of World Vision International
- RwandaFoodFunding via Vision Finance Company s.a. (VFC), a partner of World Vision International
- RwandaRetailFunding via Vision Finance Company s.a. (VFC), a partner of World Vision International
Abesamihigo A / Rsz Group
Jean Bosco is a rice farmer. This is his second loan cycle with ACB. He is going to use his loan to buy chemical fertilizer and to pay those who help him cultivate his rice.
His strategy to grow his business is to use the chemical fertilizers in order to harvest a large quantity of rice in a small space. In the years to come, Jean Bosco would like to be among the best rice growers the valley. With his profits, he foresees being able to pay for his children’s education and to be financially independent.
Jean Bosco 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 d’utiliser des engrais chimiques, cultiver peu d’espace et récolter une grande quantité. Dans les prochaines années, Jean Bosco voudrait être parmi les meilleurs cultivateurs de riz dans sa vallée. Avec les profits, il prévoit d’éduquer ses enfants et s’autofinancer.
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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Success!! The loan was 100% repaid