Twongerumusaruro No 29/rsz Group
Update on Twongerumusaruro No 29/rsz GroupMarcel is the chairman of the group Twongeremusaruro No 29/Rsz. The group's name means "We increase the harvest." Marcel is shown in the center of the back row in the photo. He is 43 years old and is married with eight children. They are aged three to 21 years, and six of them currently attend school. Marcel was able to attend school through the level of 6th Primary.
Marcel is a rice farmer. This is his fourth loan cycle with ACB. He has said that his first loan helped his rice production enormously, and that he had no difficulty in repaying the loan. He will use his current loan to purchase fertilizer and to pay for the cost of the labor involved in rice farming.
To increase his rice yields, Marcel plans to seek additional loans to further improve his rice farming. He also plans to purchase additional land to expand his fields. In the coming years, his goal is to build a rice warehouse. With the income generated by this loan, Marcel will pay for his children's schooling and health insurance.
Marcel est cultivateur de riz. C’est ses quatrièmes cycles de prêt avec ACB et il dit que le crédit antérieur a aidé ses activités de l’agriculture de riz beaucoup et il n'a eu aucune difficulté de remboursement de son crédit. Il va utiliser son crédit afin d’acheter des fertilisants et payer la main d’œuvre pour son activité d’agriculture de riz.
Pour accroitre son agriculture du riz, il planifie de sollicite d’autre crédits pour renforcer son agriculture de riz et acheter d’autres champs pour agrandir son terrain de. Dans les prochaines années, il voudrait construire une maison de stock riz. Avec les profits, il prévoit de payer le frais scolaire de ses enfants et payer l’assurance maladies de ses enfants.
REMARQUE:LE PRESIDENT DE CETTE GROUPE EST DERRIERE ,IL A DE L'ARGENT DANS SA MAIN.
Previous Loan DetailsMarcel is a member of the group Twoneremusaruro No 29/Rsz. He is 44 years old, married, and has 8 children, whose ages range between 2 and 20 years. Six of his children attend school. Besides his children, he has four other persons in his care. Marcel's education level is six years of elementar... More from Twongerumusaruro No 29/rsz 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