RwandaServicesFunding via Urwego Opportunity Bank, a partner of Opportunity International and HOPE International
RwandaRetailFunding via Vision Finance Company s.a. (VFC), a partner of World Vision International
RwandaRetailFunding via Urwego Opportunity Bank, a partner of Opportunity International and HOPE International
Update on Twitezimbere/rbr GroupJean Bosco is a member of the Twitezimbere/Rbr group. The group’s name means “Increasing the level of work.” He is 36 years old, married, and has six children ranging from one to 13 years of age. Three of his children attend school. Jean Bosco's education level is eight years of elementary school.
Jean Bosco is a rice farmer. This is his third loan cycle with ACB. He will use his loan to buy chemical fertilizers and pay for labor.
In order to expand his business, his strategy is to keep taking out other loans to strenghten his farming activity. In the years to come, Jean Bosco would like to become an important rice producer in his region. With the profits, he plans to build a house.
Jean Bosco 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 de solliciter d’autres crédit pour renforcer son agriculture de riz. Dans les prochaines années, Jean Bosco voudrait être un grand agriculteur de riz dans sa région. Avec les profits, il prévoit de construire une maison.
Previous Loan DetailsJean Bosco is a member of the group Twitezimbere/Rbr. He is 36 years old, married, and has 6 children, whose ages range between 1 and 14 years. Three of his children attend school. Jean Bosco's education level is six years of elementary school. Jean Bosco is a rice farmer. This is his third ... More from Twitezimbere/rbr 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