Innoncent has a 6th grade education. He's seeking this loan in order to rent fields to cultivate, buy manure and chemical fertilizers, buy seeds, and pay for labor. The difficulties foreseen in repaying the loan are poor climatic conditions and crop epidemics.
His strategies to grow his business are to be timely with the season and to use chemical fertilizers and manure to obtain a good harvest.
He ambitions to modernize his farming practices and respect the recommendations provided by agronomists. Regarding his family, his ambitions are to send his children to school and ensure the well-being of his family.
-mauvaise condition climatique, et Epidémie Agricole
les stratégies pour la croissance de son affaire sont d`être ponctuel avec la saison et d`utiliser les engrain chimique et les fumiers pour avoir une bonne récolte.
ses ambitions sont de moderniser ses agriculure et de respecter les récommandation des Agronomes
les ambitions pour sa famille sont de scolariser ses enfants et d`assurer le bien être de sa famille.
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