Abajyamugambi N05/rsz Group
Augustin is a rice grower. This is his first loan with ACB. He is going to use his credit to buy chemical fertilizers for his rice operation.
His strategy for growing his business is to use only select rice seed. In the next few years, Augustin would like to expand his rice growing terrain. With his profits, Augustin foresees being able to educate and care for his children.
Augustin est cultivateur de riz. C’est son premier cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter des engrais chimiques pour son agriculture de riz.
Sa stratégie pour la croissance de son business est d’utiliser des semences sélectionnées du riz. Dans les prochaines années, Augustin voudrait agrandir la surface de culture de riz. Avec les profits, Augustin prévoit d’éduquer et soigner ses enfants.
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