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Dufatanye Duterimbere / Rsz Group
In this Group: Felix, Patrice, Charles, Marc, Richard

Update on Dufatanye Duterimbere / Rsz Group

Félix is part of the Dufatanye Duterimbere / RSZ group, the name of which means “supporting each other for development”. He is 45 years of age, married, and has six children aged between 12 and 24. Five of his children are at school, and he himself studied six years of elementary school.

Félix works growing rice, and this is his third loan cycle with ACB. He will use this loan to buy fertilizers and pay the labor expenses associated with his rice-growing business. To expand his business, he plans to request other loans to increase his agricultural activities. Over the coming years, he would like to become the best rice grower in the valley. Félix plans to use his profits to educate and provide for his children.
View original language description ↓
Félix fait partie du groupe Dufatanye Duterimbere / RSZ . Le nom du groupe signifie «Soutenons nous pour le développement».Il a 45 ans et il est marié avec 6 enfants de 12 à 24 ans, dont 5 scolarisés. Son niveau d’éducation est de 6 ans de primaire.

Félix est cultivateur de riz. C’est son troisième cycle de prêt avec ACB. Il va utiliser son crédit afin d’acheter des fertilisants et payer la main d’œuvre pour son agriculture de riz.

Pour accroitre son agriculture du riz, il planifie de demander d’autres prêt pour accroitre se activités agricole. Dans les prochaines années, il voudrait être le meilleur agriculteur du riz dans la vallée. Avec les profits, il prévoit d’éduquer et soigner ses enfants.



Previous Loan Details

Jean is part of the Dufatanye Duterimbere / RSZ group. The name of the group means "working together for development". Jean was born in Rwanda and is 49 years old. He is married and has 6 children aged between 9 and 24 years, all of whom go to school. He himself completed 6 years of primary schoo... More from Dufatanye Duterimbere / Rsz Group's previous loan »

Additional Information

More information about this loan


This loan is part of Amasezerano Community Banking's Ezukame ("agriculture") program, designed to provide capital to poor farmers in rural Rwanda. ACB invests a higher percentage of its portfolio in agriculture than any other Kiva Field Partner, and is strongly committed to serving the needs of rural borrowers. This type of loan has terms ranging from one to 36 months, with the option to repay in full at the end of the term or in monthly installments.
 

This flexibility is critical in Rwanda where 85% of the population is employed in agriculture, but many formal financial institutions consider the sector to be too risky to invest. By funding this loan, you are expanding opportunity to farmers with limited options.

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.

About Rwanda

  • $1,700
    Average annual income
  • 47
    View loans »
    Rwanda Loans Fundraising
  • $15,329,275
    Funds lent in using Kiva
  • 605.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Dufatanye Duterimbere / Rsz Group's $1,000 loan helped a member to buy fertilizers and pay the labor expenses associated with his rice-growing business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 23, 2012
Listed
Sep 14, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2013