Valens is a vegetable cultivator. He's seeking his second loan from Kiva's partner, ACB. He will use it to buy seeds, 100 kg of chemical fertilizers for his crops: tomatoes, cabbage, and other vegetables.
His strategy to grow his business is to sow on time and farm using good quality seeds, in order to harvest much more. In the forthcoming years, he would like to become a large distributor of tomatoes and cabbage for the markets in his district.
With his profits, he intends to pay the school expenses of his children, and build a new home for his family.
Valens est cultivateur de légumes. C’est son deuxième cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter des semences, 100kgs des engrais chimiques pour son agriculture des tomates, des choux et des légumes.
Sa stratégie pour la croissance de son business est de semer au temps et cultiver avec des bonnes qualités des semences sélectionne pour récolte beaucoup plus. Dans les prochaines années, Valens voudrait être un grand distributeur des tomates et des choux dans les marches de son district. Avec les profits, il prévoit de payer les frais scolaire pour ses enfants et construire une autre nouvelle maison pour sa famille.
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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