Twitezimbere /rhh Group
Update on Twitezimbere /rhh GroupFrancine is both member and president of the Twitezimbere/ Rhh group. The group's name means "Dream and work." She is 36 years old and married with six children between the ages of 6 and 17 years old. All of her children have received schooling. In addition to her children, there is one other person living in her care. She completed six years of primary school.
Francine is a carpenter. This is her first loan cycle with ACB. She will use the loan to buy wood for making her finished products (timber).
To grow her business, she plans to seek more loans to boost the capacity of her carpentry business. In the coming years, she would like to have her own carpentry shop. With the profits, she plans to pay for her children's education and medical care.
Francine est menuisier. C’est son premier cycle de prêt avec ACB. Elle va utiliser son crédit afin d’acheter des bois utiliser pour transforme en produit finis (des bois des charpentes).
Pour accroitre son activité, elle planifie de demander d’autres prêt pour augmenter la capacité de ses activités de menuiserie. Dans les prochaines années, elle voudrait avoir son propre menuiserie. Avec les profits, elle prévoit de payer le frais scolaire et médicaux de ses enfants.
Previous Loan DetailsFrancine is a member of the group Twitezimbere. She is 36 years old, and married with six children aged 6 to 17, all in school. She completed six years of primary school. Francine is a merchant and she also grows tomatoes to sell in her store. This is her first loan cycle with ACB, and she will… More from Twitezimbere /rhh Group's previous loan »
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.
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Success!! The loan was 100% repaid