RwandaFoodFunding via Urwego Opportunity Bank, a partner of Opportunity International and HOPE International
RwandaClothingFunding via Urwego Opportunity Bank, a partner of Opportunity International and HOPE International
RwandaAgricultureFunding via Vision Finance Company s.a. (VFC), a partner of World Vision International
Abahujumugambi Twese / Rbv Group
Update on Abahujumugambi Twese / Rbv GroupJulienne is married and belongs to the Abahujumugambi Twese/RBV solidarity group which grows onions. She is 38 years old and has six children, the eldest of whom is 20 years old and the youngest two. Five of her children go to school and she does not have any other dependents. Julienne was born in Rwanda and has four years of secondary education.
She joined ACB Ltd in 2012 and is on her second loan; she has a healthy repayment record. With the loan she has been granted she is going to buy chemical fertilizers and use the rest of the money to pay for labor. She does not expect to have any difficulties with the repayments. Her strategy is to use the modern chemical fertilizer system to develop her farming business. Her ambition is to become a wholesaler. As for her family, she is going to ensure that her children are educated up to university level and she is going to buy a house for her family. Apart from farming, she also sells clothes.
Elle a commencé avec ACB Ltd en 2012 et est au 2ème cycle de crédit. Son historique de remboursement est sain.
Avec le crédit lui octroyé, elle va acheter des engrais chimiques et paiera les ouvriers avec la partie restante. Elle n’attend aucune difficulté de non remboursement. L’utilisation du système moderne d’utilisation des engrais chimiques est la stratégie qu’elle va utiliser pouvoir accroitre son agriculture. Son ambition est d’être une grossiste. Pour sa famille, elle va assurer l’éducation de ses enfants jusqu’au niveau universitaire. Elle va acheter la maison pour sa famille. A part de l’agriculture, elle fait le commerce des habits.
Previous Loan DetailsMonsieur Evariste is a member of the ABAHUJUMUGAMBI TWESE / RBV group. He is married, 38 years old, and has 7 children. The oldest of his children is 12 and the youngest is one. Four of his children are in school, and he has no other dependent children. He has 8 years of elementary school educati... More from Abahujumugambi Twese / Rbv 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