Jean Bosco runs a rice processing facility. He works with nearly 1,000 farmers in Rwanda's Southern Province, providing them cash advances so that they can grow the rice, which he buys back from them, processes, and sells to schools, hospitals, restaurants, and hotels all over Rwanda.
Currently, the farmers that Jean Bosco works with grow short-grain rice, the cheapest variety used primarily for animal feed, as well as for low-cost bulk purchases in rural schools.
Jean Bosco, a 35-year-old father and business man, is looking for a Kiva loan so that he can process a new kind of rice, the long-grain variety primarily used in restaurants and hotels in Kigali. This higher priced product would bring more money to the farmers, and it would allow Jean Bosco to expand his business and hire additional employees in processing and distribution.
Currently Jean Bosco's rice processing business has the capacity to process twice as much rice. With this working capital loan, Jean Bosco can work with more farmers during the January harvest period, increase the rice processing at his facility, and hire more technicians and distributors.
Jean Bosco hopes that over the next year, his factory will become the largest rice processor in Southern Rwanda, employing almost 100 permanent staff, and working with more than 2,000 farmers throughout the region. This loan will be enable him to get one step closer to that goal.
About African Entrepreneur Collective
African Entrepreneur Collective (AEC) is a business accelerator program that aims to help African youth-led enterprises grow and create new jobs for poor in their communities. This unique, comprehensive program is committed to address the problem of unemployment in Rwanda and to capitalize on the opportunity for sustainable SME growth and fill a demonstrated need in East Africa.
Each year, AEC recruits and selects 100 entrepreneurs to participate in a two-year business accelerator. Once identified through competitive applications, entrepreneurs participate in the Business Training to enhance their business skills. Kiva lenders’ funds are used to impact more entrepreneurs in the country and create more job opportunities.
AEC joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.