This loan cycle is his first one with the microfinance institution ACB. He is going to use his loan to buy 45 each of sheet metal, 2 metal doors, 5 windows, 30 trees for lumber, and 12 kg of nails for renovating his house.
In the next few years, Vedaste would like to build houses to rent out.
Vedaste est salarie. C’est son premier cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter 45 pièces des tôles, 2 portes métalliques, 5 fenêtres, 30 arbres de charpente, 12 kgs des clous pour réhabiliter sa maison.
Dans les prochaines années, il voudrait construire des maisons pour la location.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid