André farms rice. This is his third loan cycle with ACB. He is going to use his credit to purchase chemical fertilizer and to pay workers to help farm his rice.
To increase his rice farm, he is planning on requesting further loans. In the coming years, he would like to expand these rice fields to meet market demand. With the profit, he is planning on paying for his children’s school expenses and for his family’s medical care.
André est agriculteur de riz. C’est son troisième 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 académique de ses enfants et payer les frais médicaux pour sa famille.
More information about this loan
This loan is part of Amasezerano Community Banking's Ezukame ("agriculture") program, designed to provide capital to poor farmers in rural Rwanda. ACB invests a higher percentage of its portfolio in agriculture than any other Kiva Field Partner, and is strongly committed to serving the needs of rural borrowers. This type of loan has terms ranging from one to 36 months, with the option to repay in full at the end of the term or in monthly installments.
This flexibility is critical in Rwanda where 85% of the population is employed in agriculture, but many formal financial institutions consider the sector to be too risky to invest. By funding this loan, you are expanding opportunity to farmers with limited options.
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
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Success!! The loan was 100% repaid