RwandaFoodFunding via Urwego Opportunity Bank, a partner of Opportunity International and HOPE International
RwandaClothingFunding via Urwego Opportunity Bank, a partner of Opportunity International and HOPE International
RwandaAgricultureFunding via Vision Finance Company s.a. (VFC), a partner of World Vision International
Béatrice is a vegetable farmer. This is her second loan cycle with ACB. She will buy 100kg of seeds, cabbage seeds, 10kg of fertilizers, and will pay laborers.
Béatrice's strategy for growing her business is to request further loans in order to increase her capacity and to buy more fields in order to increase her production. In the future, Béatrice would like to become the best farmer in her area. She plans to use her profits to continue paying her children's school fees and improve her family's well-being.
Béatrice est agricultrice de légumes. C’est son deuxième cycle de prêt avec ACB. Elle va acheter 100 kgs des graines des choux des semences, 10 kgs des fertilisants et payer la main d’œuvre.
Sa stratégie pour la croissance du business, est demande d’autres crédits pour augmenter la capacité de ses activités et acheter d’autres champs pour augmenter la production agricole. Dans l’avenir Béatrice voudrait être le meilleur pour l’agriculture dans son secteur. Avec le profit elle prévoit de continuer à paye les frais scolaire de 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