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Abajyamugambi N05/rsz Group
In this Group: Augustin, Venuste, Félix, Venantie, Valens, Joseph, Siméon, Benjamin, Hyacenthe, Elie
Augustin is a member of the Abajyamugambi N05/RSZ group. He is 45 years old, married and has six children between the ages of 5 and 21, all of whom attend school. He attended school through the sixth year of primary school.

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.
View original language description ↓
Augustin fait partie du groupe Abajyamugambi N05/RSZ. Il a 45 ans et il est marié avec 6 enfants de 5 à 21 ans, dont 6 scolarisés. Son niveau d’éducation est de 6 ans de primaire.

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.

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
  • 2
    View loans »
    Rwanda Loans Fundraising
  • $15,557,575
    Funds lent in using Kiva
  • 596.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Abajyamugambi N05/rsz Group's $1,500 loan helped a member to buy chemical fertilizer for his rice growing operation.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Oct 21, 2011
Nov 10, 2011
Currency Exchange Loss:
May 17, 2012