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Turwanyinzara Group
In this Group: Damascène, Berthe, Boniface, Tabea, John, Evelyne, Marguarita, Berancille, Lea, Emmanuel
Damascène belongs to the TURWANYINZARA group. The group's name means "fight against famine." He is married and has 10 children, aged from 1 to 18, of whom 3 have received schooling. Damascène grows rice. This is his first loan cycle with ACB. He will use his loan to buy chemical fertilizers and to pay for labor costs to grow rice. His strategy for expanding his business is to grow an improved type of rice in a small area and harvest a large quantity. In the next few years, Damascène would like to become one of the best rice growers in Rwanda.

With his profit, he intends to pay for his children's education up to university level, and to become financially self-sufficient
View original language description ↓
Damascène fait partie du groupe TURWANYINZARA. Le nom du groupe signifie « Lutter contre la famine». Il est marié avec 10 enfants de 1 mois à 18 ans, dont 3 scolarisés.

Damascène est cultivateur de riz. C’est son premier cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter des engrais chimiques et payer la main d’œuvre pour son agriculture de riz.

Sa stratégie pour la croissance de son business est de cultiver une race améliorée de riz dans un petit espace et récolter une grande quantité. Dans les prochaines années,Damascène voudrait être parmi les meilleurs cultivateurs de riz au Rwanda. Avec les profits, il prévoit d’éduquer ses enfants jusqu’au niveau de l’université et s’autofinancer.

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

  • $1,000
    Average annual income
  • 33
    View loans »
    Rwanda Loans Fundraising
  • $13,303,700
    Funds lent in using Kiva
  • 592.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Turwanyinzara Group's $1,700 loan helped a member to buy chemical fertilizers and to pay for labor costs to grow rice.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 12, 2011
Listed
Sep 16, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012