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Dukundubuhinzi №3 A/rsz Group
In this Group: Modeste, Véréne, Jean Damascène, Jean Baptiste, Joel, Elias, Narcisse, Azarias, Flavien, Valentine
Philippe is part of the Dukundubuhinzi no3 / Rsz Group. He is 39 years old, married, with two children, aged 3 and 6, of whom one is in school. He attended school through the third year of secondary school.

Philippe cultivates rice. This is his third loan cycle with ACB. He is going to use his loan to purchase fertilizer and pay labor wages.

His business growth strategy is to use additional loans to grow his rice cultivation enterprise. In the coming years, he hopes to be the top grower in the region. With his profits, Philippe intends to pay for his children's schooling.
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Philippe fait partie du groupe Dukundubuhinzi no3 / Rsz. Il a 39 ans, il est marie avec 2 enfants de 3 ans à 6 ans, dont 1 scolarises. Son niveau d’éducation est de 3 ans de secondaire.

Philippe est agriculteur de riz. C’est son troisième cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter des engrais chimique et payer la main d’œuvre.

Sa stratégie pour la croissance de son business est de sollicite d’autres crédit pour développer son agriculture de riz. Dans les prochaines années, Philippe voudrait être le premier agriculteur dans sa région. Avec les profits, il prévoit de scolariser 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
  • 61
    View loans »
    Rwanda Loans Fundraising
  • $15,230,800
    Funds lent in using Kiva
  • 597.0
    Rwanda Francs (RWF) = $1 USD
Expired
A portion of Dukundubuhinzi №3 A/rsz Group's $3,025 loan helped a member to purchase fertilizer and pay labor wages.
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 24, 2012
Listed
Apr 23, 2012
Currency Exchange Loss:
Possible
Expired:
May 23, 2012