Dufatanye Bategarugori Group
Update on Dufatanye Bategarugori GroupDative is a member of the Dufatanye Bategarugori solidarity group, which grows corn. She is 54 years old, not legally married and has 6 children, the eldest of whom is 29 years old and the youngest, 12. Four of her children go to school and she is responsible for no other people. She was born in Rwanda. She started working with ACB Ltd in 2008 and is on her 4th loan cycle. The previous loans have been properly repaid.
With this current loan, she will rent a field, buy seeds and pay the labourers. She does not expect any difficulties in repaying this loan. Her strategy to increase her agricultural output is to modernise her farming techniques by using chemical fertilizers. Her business ambition is to become a professional farmer. As far as her family is concerned, she will see that her children get an education and continue to ensure the well-being of her family.
Elle a commencé de collaborer avec ACB Ltd en 2008 et est au 4ème cycle de crédit. Les cycle antérieurs sont bien remboursés.
Avec le présent crédit, elle va louer le champ, acheter la semence et payer la main d’œuvre. Elle n’attend aucune difficulté de non remboursement de ce prêt.
Pour accroitre son agriculture, elle a la stratégie de moderniser son agriculture en utilisant les engrais chimiques.
L’ambition pour son activité agricole est de devenir l’agricultrice professionnelle. Pour sa famille, elle va éduquer ses enfants et continuera d’assurer le bien être de sa famille.
Previous Loan DetailsRachel is a farmer. She is a member of the group Dufatanye Bategarugori. She is married and 40 years of age. She has four children between six and 22 years of age, and three of her children attend school. Rachel was born in Rwanda. She finished six years of primary school. This is her second lo... More from Dufatanye Bategarugori 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