Joseph is in retail. This is his first loan cycle with ACB. He will use his credit to purchase articles and clothing to retail in his shop.
His strategy to grow his business is to save money with which to improve the business, and to pay back his loan punctually in order to be eligible for larger loans. In the coming years, Joseph would like to become a major retailer. With the profits, he is planning on sending his children to school and to improve his family’s well-being.
Joseph est commerçant. C’est son premier cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter des articles de sa boutique et des vêtements à vendre.
Sa stratégie pour la croissance de son business est de faire des épargnes pour améliore son business et rembourser au temps pour pouvoir accéder au grand montant du crédit. Dans les prochaines années, Joseph voudrait être un grand commerçant. Avec les profits, il prévoit de scolariser ses enfants et améliore le bien être de 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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Success!! The loan was 100% repaid