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Kundumurimo Group
In this Group: Eduard, Jeremie, Jean Poul, Vedaste, Ernestine, Jean Baptiste, Sylvestre
Edouard Rugerinyange operates a woodworking shop and has been a client of ACB since 2010. He is 42 years old, married and was born in Rwanda. He has six children between the ages of 1 and 14 years, and has six people in his care. Four of his children go to school. Edouard himself completed six years of elementary school. This loan is his second with ABC and he has a good repayment record. He is going to use his loan to buy articles for his woodworking shop, and his strategy for expanding his business is to do a good job on time. He would like to have a woodworking workshop and to educate his children.
View original language description ↓
Edouard Rugerinyange est commerçant de menuiserie, et client d’ACB depuis 2010. Il à 42 ans, il est marie, et né a Rwanda. Il a 6 enfants entre 1 an et 14 ans, et 6 personnes en charge ; quatre de ses enfants vont à l’école. Edouard lui-même a fini 6 ans d’école primaire. Ce crédit est son deuxième cycle avec ACB, et il a une bonne histoire de remboursement. Il va utiliser son prêt pour acheter les articles pour son commerce de menuiserie, et sa stratégie pour la croissance de l’affaire est d’avoir un business bien et ponctuelle. Il voudrait avoir un atelier de menuiserie, et scolariser tous ses enfants.

Additional Information

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.

About Rwanda

  • $1,700
    Average annual income
  • 33
    View loans »
    Rwanda Loans Fundraising
  • $14,311,175
    Funds lent in using Kiva
  • 592.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kundumurimo Group's $1,775 loan helped a member to buy boards for the woodworking workshop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2011
Listed
Mar 18, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011