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Abishizehamwe/abacuruzi Group
In this Group: Leonald, Jean Bosco, Fenias
Jean Bosco is part of the Abishyizehamwe Abacuruzi group. The name of the group means "union of traders". Jean Bosco was born in Rwanda and is 27 years old. He is married and has two children, who are 4 months and 3 years old. He completed 6 years of primary education and is a trader.
This is Jean Bosco´s second loan cycle with ACB and he will use the money to buy sorghum, rice, beans and flour for resale. He plans to grow his business by improving his existing practices, and would eventually like to become a wholesaler. He will use his profits to cover medical expenses as well as his children´s educational expenses.
Jean Bosco fait partie du groupe Abishyizehamwe Abacuruzi. Le nom du groupe signifie « union de commerçants ». Il est né au Rwanda et il a 27 ans. Il est marié avec 2 enfants de 4 mois et 3 ans. Son niveau d’éducation est 6 ans de primaire.

Jean Bosco est commerçant. C’est son deuxième cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter de sorgho, du riz, des haricots et de la farine a vendre.

Sa stratégie pour la croissance de son business est d’améliorer son activité actuelle. Dans les prochaines années, Jean Bosco voudrait grossiste. Avec les profits, il prévoit de payer les frais scolaires pour ses enfants et des frais médicaux.

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
  • 82
    View loans »
    Rwanda Loans Fundraising
  • $12,395,000
    Funds lent in using Kiva
  • 593.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Abishizehamwe/abacuruzi Group's $675 loan helped a member to buy sorghum, rice, beans and flour for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 8, 2011
Listed
Sep 20, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012