Abishyizehamwe /rbv Group
This is Thérèse's second loan cycle with ACB. She will use the money to buy seeds and chemical fertilizer, as well as to pay the rent on her land and the labourers for their work on her corn farm.
Thérèse plans to increase her profits by modernising her business and would eventually like to become a main distributor of agricultural products in her region. She plans to use her profits to pay for her children´s education and build a house.
Thérèse est cultivatrice de maïs. C’est son deuxième cycle de prêt avec ACB. Elle va utiliser son crédit afin d’acheter des semences, des engrais chimiques,location de champs et paiement main d’œuvre pour son agriculture des maïs.
Sa stratégie pour la croissance de son business est de moderniser son agriculture. Dans les prochaines années, Thérèse voudrait être distributeur des produits agricole dans sa région. Avec les profits, elle prévoit de scolariser ses enfants et construire une maison d’habitation.
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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