RwandaAgricultureFunding via Vision Finance Company s.a. (VFC), a partner of World Vision International
RwandaServicesFunding via Urwego Opportunity Bank, a partner of Opportunity International and HOPE International
RwandaConstructionFunding via Urwego Opportunity Bank, a partner of Opportunity International and HOPE International
Dukore Twitezimbere Group
Update on Dukore Twitezimbere GroupDrocella is a member of the joint-liability group called Dukore Twitezimbere. She is an onion farmer. Drocella is 44 years of age and divorced with six children. Her oldest is 26 and her youngest is eight years old. Two of her children currently attend school, and she has two other dependents in her care. She was born in Rwanda and attended school until the seventh primary.
In 2011 Drocella began working with ACB Ltd, and she is currently on her third loan cycle. Her first two loans were repaid in full. With her current loan, Drocella plans to purchase onion seeds and to pay for the labor required to work her fields. She does not expect to have any difficulties in repaying her loan.
Drocella uses chemical fertilizers in her fields. This strategy will enable her farming business to grow. Drocella plans to ensure the welfare of her family and build them a house. In addition to the farming for which she is seeking her loan, Drocella is also a food merchant.
Elle est née au Rwanda et a fréquenté l’école jusqu’en 7ème primaire.
En 2011 c’est quand elle a commencé de collaborer avec ACB Ltd, et actuellement est au 3ème cycle de crédit. Les deux premiers cycles sont remboursés sans aucun retard.
Pour le crédit demandé, elle va acheter les semences et paiera la main d’œuvre avec la partie restant.
Elle n’attend aucune difficulté de non remboursement de ce prêt.
Comme stratégie, Madame Drocella va utiliser les engrais chimiques dans ses champs. Cette stratégie permettra la croissance de son activité agricole.
Pour sa famille, elle va assurer le bien être de sa famille et construira une maison.
A part de l’activité financée, elle fait le commerce des aliments.
Previous Loan DetailsFélicité is a potato farmer and a member of the DUKORE TWITEZIMBERE group (which means "let's work for our development"). She is 45 years old, married, and has seven children, whose ages range between 21 and 5 years. Six of her children are in school, and she has no other dependent. Her educat... More from Dukore Twitezimbere 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