Valence is a vegetable farmer. It’s his third loan cycle with ACB. He’s going to use his credit to buy seeds and to pay for labor for his vegetable farming.
His growth strategy for his business is to use better varieties of seeds. In the coming years, Valence would like to increase his sales by looking for markets. With his profits, he will pay for his children's schooling and for the well-being of his family.
Valence est agriculteur des légumes. C’est son troisième cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter des semences et payer la main d’œuvre pour son agriculture des légumes.
Sa stratégie pour la croissance de son business est d’utilise des semences de race améliore. Dans les prochaines années, Valence voudrait augmenter le volume des ventes en cherchant des marchés. Avec les profits, il prévoit de payer le frais scolaire de ses enfants et améliore le bien être de sa famille.
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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