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Abahuje/mgnz Group
In this Group: Eliezel, Hamuza, Jean Baptiste, Emmanuel, Jean, Abel, Jerome, Daniel
Daniel is part of the Abahuje /Mgnz group. The name of the group means “helping one another”. He is 36 years of age and married with five children aged between six and 13 years of age. Five of his children are at school. In addition to his child he has two other people under his care. He attended three years of secondary school.

Daniel is a rice grower. This is his second loan cycle with ACB. He plans to use his loan to buy chemical fertilizer and pay the labor expenses for his rice-growing business.

To expand his rice-growing business he plans to request other loans. Over the coming years he would like to expand his rice paddies to satisfy market demand. With his profits he plans to pay his children’s school fees and his family’s medical expenses.
View original language description ↓
Daniel fait partie du groupe Abahuje /Mgnz . Le nom du groupe signifie «s’entre aider». Il a 36 ans, il est marie avec 5 enfants de 6 ans à 13 ans, dont 5 scolarises. Il a 2 personnes dans son charge autre que ses enfants. Son niveau d’éducation est de 3 ans de secondaire.

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

Pour accroitre son agriculture de riz, il planifie de sollicite d’autre crédits. Dans les prochaines années, il voudrait agrandir ces champs de riz pour satisfaire les marchés. Avec les profits, il prévoit de payer les frais scolaire pour ses enfants et payer les frais médicaux pour sa famille.

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

  • $1,000
    Average annual income
  • 99
    View loans »
    Rwanda Loans Fundraising
  • $12,654,950
    Funds lent in using Kiva
  • 597.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Abahuje/mgnz Group's $1,975 loan helped a member to buy chemical fertilizers and pay the labor expenses for his rice-growing business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 26, 2012
Listed
May 30, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 3, 2012