Jyambere Mugore Group
Marie Gorette is a maize farmer. This is her second loan with ACB. She will lease a field, buy 400 kilos of maize seeds and 50 kilos of fertilizers, and pay for the cost of labor.
In order to expand her business, her strategy is to request other loans in order to increase her level of activity and to buy additional fields in order to increase her crop output. In the future, Marie Gorette would like to be a major farmer in her region. With her profits, she is planning to build a house and to continue to ensure the well-being of her family.
Marie Gorette est agricultrice des maïs. C’est son deuxième cycle de prêt avec ACB. Elle va louer un champ, acheter 400 kg de maïs (semences) et 50 kg de 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 Marie Gorette voudrait être la meilleur dans l’agriculture dans son secteur. Avec le profit elle prévoit de construire une maison et continuer à assure 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