Reverien is a small business owner. This is the fourth loan he is asking for from ACB. He will use the loan to purchase green beans, soy beans, sorghum and maize, thereby improving his business of selling goats.
His strategy to grow his business is to have more capital, which will allow him to satisfy his clients as well as regularly re-pay his current loans, in order to take out more loans in the future. In the coming years, Reverien would like to become the owner of a medium to large sized enterprise as well as build a home for his family. With the profits earned from his business, he plans to continue to education and take care of his children.
Reverien est commerçant. C’est son quatrième cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter des haricots, soja, des sorghos, des maïs et améliore son commerce des chèvres pour les revendre.
Sa stratégie pour la croissance de son business est d’augmenter son capital pour satisfaire les clients et bien rembourser le crédit pour avoir une autre beaucoup plus. Dans les prochaines années, Reverien voudrait être le grand commerçant et construire une maison pour sa famille. Avec les profits, il prévoit de scolariser 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