Twifatanye /rbv Group
Christine grows potatoes. This is her third loan cycle with ACB, and she plans to use her loan to buy 30 kilos of corn seed and 150 kilos of fertilizers, and to pay her labor expenses. To increase her production, she plans to plant more seeds and extend the scope of her planting by buying more fields. Over the coming years Christine would like to become a professional grower in her region. With the profits she earns, she would like to pay for her children’s higher education expenses.
Christine est agriculteur des pommes de terre. C’est son troisième cycle de prêt avec ACB. Elle va utiliser son crédit afin d’acheter 30 kgs des maïs des semences, 150 kgs des fertilisants et payer la main d’œuvre.
Pour faire croitre son agriculture, elle planifie d’augmenter le quantité des semences et augmenter l’étendu de son agriculture en achetant des autres champs. Dans les prochaines années, elle voudrait être une agricultrice professionnelle dans sa région. Avec les profits, elle prévoit de payer les frais scolaire supérieur pour ses enfants.
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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