Philemon is 46 years old, married and the father of six. His eldest child is 20, and the youngest three. Five of his children are in school, and he has no one else to look after. He was born in Rwanda and completed eight years of primary school.
Philemon started working with ACB S.A. in 2011 and is currently on his third loan cycle. The previous two loans were correctly repaid.
With the loan requested, he will purchase 40 kilograms of chemical fertilizer. The remainder will be used to pay his labourers. He does not foresee any difficulties repaying this loan, and will work as hard as possible to expand his agricultural business.
Philemon's ambition is to become the region’s largest rice grower. At home, is aims are to educate his children and ensure they are well looked after.
Agé de 46 ans, il est marié et a 6 enfants dont le plus âgé a 20 ans et le moins âgé a 3 ans. Cinq de ses enfants vont à l’école et aucune autre personne n’est en sa charge.
Il est né au Rwanda et son niveau d’éducation est 8 ans de l’école primaire.
Il a débuté de collaborer avec ACB Ltd depuis 2011 et actuellement est au 3ème cycle de crédit. Les deux premiers cycles sont bien remboursés.
Avec le crédit sollicité, il va acheter 40 kilos d’engrais chimiques et paiera la main d’œuvre avec la partie qui reste.
N’envisageant aucune difficulté de non remboursement de ce prêt, Monsieur Philemon va travailler avec toute sa force pour accroitre son activité agricole. Il a l’ambition d’être le grand cultivateur du riz dans toute la région. Pour sa famille, il va éduquer ses enfants et les fera soigner.
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