Ongeringufu Dukore / Mshs Group
Drocelle is a rice farmer. This loan cycle is her second one with the microfinance institution ACB. She is going to use her loan to purchase fertilizer and to cover the cost of labor for preparing rice fields.
To increase her rice farming, she plans on requesting more loans to bolster her farm business. In the next few years, she would like to be the best rice producer in her region. With the profits, she plans on covering the schooling costs for her children and to pay for their health insurance.
Drocelle est agricultrice de riz. C’est son deuxième cycle de prêt avec ACB. Elle va utiliser son crédit afin d’acheter des fertilisants et payer la main d’œuvre pour préparer des champs des riz.
Pour accroitre son agriculture du riz, elle planifie de solliciter d’autres crédit pour renforcer ses activités de l’agriculture de riz. Dans les prochaines années, elle voudrait être le meilleur producteur de riz dans sa région. Avec les profits, elle prévoit de payer le frais scolaire de ses enfants et payer l’assurance maladies de ses enfants.
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
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