Twisungane/ Rhng Mrm Group
Update on Twisungane/ Rhng Mrm GroupEmmanuel is part of the group Twisungane / Rhng. The group's name means "to support one another". He is 43 years old and married, and he has four children, from 7 to 17 years old, of whom two are in school. He has a 6th grade education.
Emmanuel is a tomato farmer. This loan cycle is his second one with the microfinance institution ACB. He is going to use his loan to buy fertilizers and to pay for labor.
To expand his tomato farming, he plans to buy more fields to increase his tomato production. In the next few years, he would like to be a major supplier of tomatoes. With the profits, he plans on covering his children's schooling costs and build a house in which to live.
Emmanuel est agriculteur des tomates. C’est son deuxième cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter des fertilisants et payer la main d’œuvre.
Pour faire croitre son agriculture des tomates, il planifie d’acheter d’autres champs pour augmenter la production des tomates. Dans les prochaines années, il voudrait être un grand fournisseur des tomates. Avec les profits, il prévoit de payer le frais scolaire de ses enfants et construire une maison d’habitation.
Previous Loan DetailsEmmanuel is part of the Twisungane/Rhng Mrm. Group. He is 42 years old and is married with four children, aged six to 16 years, three of whom attend school. He is responsible for six people, aside from his children. His level of education is three years of high school. Emmanuel is a trader. This… More from Twisungane/ Rhng Mrm Group's previous loan »
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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Success!! The loan was 100% repaid