- RwandaServicesFunding via Urwego Opportunity Bank, a partner of Opportunity International and HOPE International
- RwandaFoodFunding via Vision Finance Company s.a. (VFC), a partner of World Vision International
- RwandaConstructionFunding via Vision Finance Company s.a. (VFC), a partner of World Vision International
Twitezimbere / Ngrk Group
Faustin is a rice farmer. This loan cycle is his second one with the microfinance institution ACB. He is going to use his loan to buy fertilizers and to pay for labor.
To expand his rice farming, he plans to lease more fields to increase production and to extend rice farming. In the coming years, he would like to be a wholesaler and the major cassava distributor in the region. With the profits, he plans on covering his children's schooling costs and buy a plot of land.
Faustin est agriculteur de riz. C’est son deuxième cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter des fertilisants et payer la main d’œuvre.
Pour faire croitre son agriculture de riz, il planifie de louer d’autres champs pour augmenter la production et l’étendu de l’agriculture de riz. Dans les prochaines années, il voudrait être un grossiste et être le grand distributeur des maniocs dans la région. Avec les profits, il prévoit de payer le frais scolaire de ses enfants et acheter une parcelle.
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