A loan of $1,825 helped a member to buy fertilizers and to cover the cost of labor.

Abesamihigo A /rsz Group's story

Jean Bosco is part of the Abesamihigo A group, the name of which means “those who perform”. He is 54 years old and married, and he has six children, from 10 to 34 years old. All of them have had schooling. He has one person to support other than his children, and he has three years of secondary education.

Jean Bosco is a rice farmer. This loan cycle is his fourth one with the microfinance institution ACB. He is going to use the loan to buy some fertilizer and to cover the cost of labor.

His strategy for the growth of his business is to buy more fields to increase capacity, as well as to request further loans to increase his business financing. In the next few years, Jean Bosco would like to be the best rice farmer in the region. With the profits, he plans on educating his children and paying their medical expenses

In this group: Jean Bosco, Xavier, Mathias, Lambert, Galycan, Théoneste, Isai, Faustin, Stephane, Fiacre

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Translated from French by Kiva volunteer Paul Lambert

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Loan details