Copaboka 2 Group
Update on Copaboka 2 GroupThéophile is a rice farmer. He is a member of the "Copaboka 2" solidarity group. A married man, 30-year-old Théophile has 2 children, the eldest of whom is 4 and the youngest, 3. Neither of his children go to school and he is responsible for no other people.
Théophile was born in Rwanda and has 6 years of primary school education. He started working with ACB Ltd in 2012 and is currently on his 2nd loan cycle. The first loan was repaid without any problem. With the loan that he is granted, he will buy chemical fertilizer and pay his labourers. He does not expect to have any trouble repaying his loans, and his strategy will be to ask for more loans so that he can grow his farming business. His aim is to provide for his children's education as well as for his family members' health care.
Monsieur Théophile est né au Rwanda et son niveau d’éducation est 6 ans de l’école primaire.
Il a commencé de collaborer avec ACB Ltd en 2012 et actuellement est au 2ème cycle de crédit. Le premier cycle est remboursé sans aucune irrégularité.
Avec le crédit lui est octroyé, il va acheter les engrais chimiques et paiera la main d’œuvre.
N’attendant aucune difficulté de non remboursement, Monsieur Théophile va utiliser la stratégie de demander d’autres prêts pour accroitre son activité agricole.
Il a l’ambition d’assurer l’éducation de ses enfants ainsi que les soins médicaux des membres de sa famille.
Previous Loan DetailsSpéciose is a member of the COPABOKA 2 group. She is 50 years old, married, and has four children, ages 15 to 26. Three of her children attend school, and Spéciose has no other dependent. Her education level is 6 years of elementary school. She became a client of ACB in 2012, and this is her… More from Copaboka 2 Group's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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