Update on Jyambere/makoro GroupJean Baptiste is part of the group Jyambere /Makoro. The group's name means "The Group of Progress". He is 30 years old and married, and he has two children, 4 and 7 years old, of whom one is in school. He has a 6th grade education.
Jean Baptiste is a potato farmer. This loan cycle is his first one with the microfinance institution ACB. He is going to use his loan to buy potato seeds and chemical fertilizers and to pay workers.
To expand his potato farming, he plans to use quality select seeds and to buy more fields for extending his terrain. In the next few years, he would like to become a major distributor of farm products, especially potatoes. With the profits, he plans to send his children to school and build a nice house.
Jean Baptiste est cultivateur de pomme de terre. C’est son premier cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter des semences des pommes de terre, des engrais chimiques et payement main d’œuvre.
Pour faire croitre son agriculture des pommes de terre, il planifie d’utiliser des semences sélectionné des qualités et acheter d’autres champs pour agrandir le terrain. Dans les prochaines années, Jean Baptiste voudrait devenir un grand distributeur de pommes de produits agricole surtout pommes de terre. Avec les profits, il prévoit de scolariser ses enfants, construire une belle maison et améliore le niveau de mange dans sa famille.
Previous Loan DetailsJean Baptiste, age 28, is a member of Jyambere / makoro Group. He's married and has two children, age 3 and 6. One of them attends school. His own level of education amounts to six years of elementary school. Jean Baptiste is a potato cultivator. He's seeking his first loan from Kiva's partner... More from Jyambere/makoro Group's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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