Jean Bosco is 43 years old and married with 6 children aged between 2 and 17 years old, 4 of whom go to school. He himself has 6 years of primary school education. Jean Bosco is a rice farmer. This is his second loan cycle with ACB and he says that the last loan really helped with his rice farming activities, and that he had no problems paying it back. He will use this loan to buy fertilizers and pay the manual labourers needed to work on his rice farm.
In order to increase his rice farming business, he plans to use selected seeds. In the coming years, he would like to buy modern rice farming machinery. He plans to use his profits to pay his children’s education and health insurance expenses.
Elon Microfinance Initiative made their first loan of $25 to Rwanda in November 2012.