Update on Twitekumurimo GroupEmile is a member of the Twitekumurimo group. The name of the group means "loving work". He is 30 years old and is married with 3 children aged between 4 and 9, one of whom goes to school. Apart from his children, he has one more person to support. He has 6 years of secondary education.
Emile is a rice farmer. This is his 3rd loan cycle with ACB. He will use his loan to buy chemical fertilizer and to pay the labourers. He plans to use selected seed in order to expand his rice growing business. In the years ahead, Emile would like to be the leading farmer in his region. With the profits, he plans to pay for his children's education expenses.
Emile est agriculteur de riz. C’est son troisième cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter des engrais chimique et payer la main d’œuvre.
Pour faire croitre son agriculture des riz, il planifie d’utiliser la semence sélectionne. Dans les prochaines années, Emile voudrait être le premier agriculteur dans sa région. Avec les profits, il prévoit de payer le frais scolaire de ses enfants
Previous Loan DetailsEmile is part of the group Twitekumurimo. He is 29 years old and married, and he has three children, from 3 to 8 years old. He has one person to support other than his children. He has six years of secondary education. Emile is a rice farmer. This loan cycle is his third one with the microfin... More from Twitekumurimo 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