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RwandaAgricultureFunding via Vision Finance Company s.a. (VFC), a partner of World Vision International
Jyambere Mugore/gr Group
She was born in Rwanda and her level of education is 5 years of primary school.
She started collaborating with ACB Ltd. in 2012 and is on her first loan cycle.
With this loan, she is going to buy chemical fertilizers and pay for manual labor with the money leftover.
She doesn't expect any difficulties repaying the loan.
To grow her farming business, she is going to use the chemical fertilizers and this will allow her to grow the quantity of potatoes that she produces. She is also going to increase the cultivable area.
For her business, she has the ambition of becoming a great potato farmer in the region.
For her family, she is going to ensure the well-being of her family by paying her children's school fees.
Elle est née au Rwanda et son niveau d’éducation est 5 ans de l’école primaire.
Elle a commencé de collaborer avec ACB Ltd en 2012 et est au premier cycle de crédit.
Avec ce crédit, elle va acheter les engrais chimiques et paiera la main d’œuvre avec la partie restante.
Elle n’attend aucune difficulté de non remboursement.
Pour accroitre son activité agricole, elle va utiliser les engrais chimiques et ceci lui permettra d’accroitre la quantité des pommes de terre qu’elle produit. Elle va aussi augmenter la surface cultivable.
Pour son business, elle a l’ambition de devenir une grande agricultrice des pommes de terre dans la région.
Pour sa famille, elle va assurer le bien être de sa famille en payant les frais scolaires 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