- RwandaServicesFunding via African Entrepreneur Collective (AEC)
- RwandaRetailFunding via Urwego Opportunity Bank, a partner of Opportunity International and HOPE International
- RwandaFoodFunding via Vision Finance Company s.a. (VFC), a partner of World Vision International
Vugukora A / Rbv Group
Update on Vugukora A / Rbv GroupMrs. Anastasie grows potatoes. She is a member of the Vukugora A/RBV solidarity group. She is married and 54 years old. She has six children, the oldest of whom is 24 years old and the youngest 12. Two of her children are in school, and she also has one other dependent.
She was born in Rwanda and has finished six years of primary school.
[She] has started collaborating with ACB Ltd in 2009 and is on her second loan cycle.
This loan will allow her to rent a field, to buy 300 kg [661 lbs] of seeds, chemical and natural fertilizers and use the rest to pay the cost of labor. She does not anticipate any difficulty repaying this loan.
She will go through the markets in order to be able to buy in large quantities. This is her strategy for growing her agricultural business.
Concerning her business, her goal is to become a professional potato farmer.
Concerning her family, she would to provide for her children’s education, all the way through college.
Elle est née au Rwanda et son niveau d’éducation est 6 ans de l’enseignement primaire.
Il a commencé de collaborer avec ACB Ltd en 2009 et est au deuxième cycle de crédit.
Ce crédit va lui permettre de louer le champ, d’acheter 300 kgs des semences, des engrais chimiques et fumiers et le reste l’utilisera pour payer la main d’œuvre.
Elle n’attend aucune difficulté de non remboursement de ce prêt.
Elle va chercher les marchés pour pouvoir vendre en grande quantité. Ceci constitue une stratégie qui va permettre la croissance de son activité agricole.
Pour son affaire, elle a l’ambition d’être l’agricultrice professionnelle des pommes de terre.
Pour sa famille, elle a l’ambition d’éduquer ses enfants jusqu’à l’université.
Previous Loan DetailsAnastasie is part of the group Vugukora A/Rbv. She is 54 years old and married, and she has six children, from 12 to 24 years old. Two of the children are in school. She has two persons to support other than her children. She has a 6th grade education. Anastasie is a corn farmer. This loan cycle... More from Vugukora A / Rbv 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