Lydie started working with the microfinance institution ACB in 2011 and is now on her second loan cycle. The loan granted enabled her to buy 1,000 kg of seed potatoes, 500 kg of fertilizers, and a pump for applying the fertilizer to the potatoes. What can cause problems in repaying the loan might be the sun or unplanned events, such as flooding or other bad weather.
For the future, Lydie has a strategy to request more loans with the goal of increasing her farm's capacity. To do so, she is going to buy more fields, and production will multiple.
With this strategy, she has the ambition of becoming a major farmer in the potato sector. She is going to continue paying her children's school costs and to build a house in which her family will live.
Elle a débuté de travailler avec ACB en 2011 et est au deuxième cycle de crédit. Le crédit lui accordé lui a permit d'acheter 1000 kgs des pommes de terres pour la semance, 500 kgs d'angrais chimiques et une pompte qui sera utilisé pour mettre les angrais chimiques dans les pommes de terres. Le soleil ou autre evenement improvisé comme l'innondation ou autres intempéries peuvent être les seules qui peuvent faire que le crédit soit remboursé difficilement. Pour l'avenir, elle a une stratégie de solliciter d'autres prêts en vue d'augmenter la capacité de son agriculture. Pour se faire, elle va acheter d'autres champs et la production va se multiprier. Avec cette stratégie, elle a l'ambition de devenir une grandre agricultrice dans le secteur d'agriculture des pommes de terre. Elle va continuer de payer les frais scolaires de ses enfants et va constuire une maison d'habitation pour 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