RwandaServicesFunding via Urwego Opportunity Bank, a partner of Opportunity International and HOPE International
RwandaRetailFunding via Vision Finance Company s.a. (VFC), a partner of World Vision International
RwandaRetailFunding via Urwego Opportunity Bank, a partner of Opportunity International and HOPE International
Dufatanye Gasiza Group
Update on Dufatanye Gasiza GroupSolange is 32 years old and has five children between the ages of four months and 12 years. Three of her children attend school and she has two other dependents in her care.
Solange is on her second loan cycle, the first having been properly repaid. With this loan, she is going to purchase 200kg of potato seeds, chemical fertilizers, and will pay labor costs. A poor harvest is the only possible difficulty Solange foresees, which could mean she might have trouble repaying her loan. Her strategy is to modernize her farming in compliance with agriculturalist recommendations.
Solange's ambition is the be the largest potato distributor in the area. For her family, her goal is to ensure their well-being.
Elle est au deuxieme cycle de credit, le premier cycle est bien remboursé.
Avec ce crédit, elle va acheter 200 kilos des semances des pommes de terre, elle va acheter les engrais chimiques et paiera la main d'oeuvre.
La mauvaise récolte est la seule difficulté attendue par Solange qui peut faire que ce pret soit mal remboursée.
Elle a la strategie de moderniser son agriculture en respectant les recommandations de l'agronome.
Elle a l'ambition d'etre la grande distributrice des pommes de terre dans la region. Pour sa famille, elle a l'ambition d'assurer le bien etre de sa famille.
Previous Loan DetailsSolange is part of the Dufatanye /Gsz group. The name of the group means "let's work together." She is 31 years old, and she is married with 4 children from 2 to 11 years old of whom 2 go to school. She has one dependent other than her children. Her level of education is 4 years of primary school... More from Dufatanye Gasiza 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