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Abakoranabushake /kmnm/sk Group
In this Group: Mediatrice, Jean De Dieu, Philemon, Alphonsine, Jean Bosco*, Emerinne, Immaculee*, Claudien, Philomena, Madeleine
* not pictured
Francois is a member of the Abakoranabushake/Kmnm/Sk group. He is 30 years old and single. He takes care of two people in addition to his children. He has had five years of primary school.

Francois is a rice farmer. This is his first loan with ACB. He is going to use the loan to buy fertilizers and to pay his labor.

His strategy for growing his business is to use improved seeds. In the years to come, Francois would like to be a successful farmer in his region. With his profits, he foresees being able to educate his children.
View original language description ↓
François fait partie du groupe Abakoranabushake/Kmnm/Sk. Il a 30 ans et il est célibataire. Il a 2 personnes dans son charge autre que ses enfants. Son niveau d’éducation est de 5 ans de primaire.

François est agriculteur de riz. C’est son premier cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter, des fertilisants et payer la main d’œuvre.

Sa stratégie pour la croissance de son business est d’utilise des semences de race améliore. Dans les prochaines années, François voudrait être un grand agriculteur dans sa région. Avec les profits, il prévoit de payer le frais scolaire de 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
  • 49
    View loans »
    Rwanda Loans Fundraising
  • $15,329,275
    Funds lent in using Kiva
  • 597.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Abakoranabushake /kmnm/sk Group's $1,700 loan helped a member to buy fertilizers and to pay his labor.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 9, 2012
Listed
Apr 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012