Update on Dukore GroupJean Bosco is a member of the Dukore group. This group's name means 'Let's work'. Jean Bosco is 37 years old. He is married and has four children between the ages of four and 11. Two of his children are in school. Jean Bosco himself finished six years of elementary school.
Jean Bosco is a rice farmer. This is his third loan cycle with ACB, and he says that the prior loans have really helped his business and that he anticipates no difficulties with repayment. He will use his loan to buy chemical fertilizers and pay laborers.
Jean Bosco's strategy for growing his business is to request further loans in order to enlarge his fields and bolster his agricultural business. In the coming years, Jean Bosco would like to become a prominent rice farmer and seller in his region. He plans to use his profits to pay for his children's school fees and healthcare costs.
Jean Bosco est cultivateur de riz. C’est son troisième cycle de prêt avec ACB et il dit que le crédit antérieur a aidé ses activités de l’agriculture de riz beaucoup et il n’a pas attendue aucunes difficultés de non remboursement du crédit. Il va utiliser son crédit afin d’acheter des fertilisants et payer la main d’œuvre pour son activité d’agriculture de riz.
Pour accroitre son agriculture du riz, il planifie de demander d’autres prêt pour acheter des champs utiliser pour agrandir l’étendu de leur agriculture de riz. Dans les prochaines années, il voudrait être un grand commerçant de riz et être grand agriculteur de riz. Avec les profits, il prévoit de payer le frais scolaire et médicaux de ses enfants.
Previous Loan DetailsJean Bosco is a member of the Dukore group. This group's name means 'Let's work'. Jean Bosco is 37 years old. He is married and has four children between the ages of 3 and 10. Two of his children are in school. Jean Bosco himself studied up to the sixth year of elementary school. Jean Bos... More from Dukore Group's previous loan »
More information about this loan
This loan is part of Amasezerano Community Banking's Ezukame ("agriculture") program, designed to provide capital to poor farmers in rural Rwanda. ACB invests a higher percentage of its portfolio in agriculture than any other Kiva Field Partner, and is strongly committed to serving the needs of rural borrowers. This type of loan has terms ranging from one to 36 months, with the option to repay in full at the end of the term or in monthly installments.
This flexibility is critical in Rwanda where 85% of the population is employed in agriculture, but many formal financial institutions consider the sector to be too risky to invest. By funding this loan, you are expanding opportunity to farmers with limited options.
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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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