A loan helped to procure raw material for his products so that he can meet the increasing demand.

Emmanuel's story

When you walk into Emmanuel’s office for construction services, it’s a bit surprising to see the company values and aspirations painted on the cinder block walls. But that’s the kind of young leader Emmanuel is – ambitious, hardworking, and values-driven. Temaco Builders literally creates the building blocks for development in Rwanda, producing high-quality pavers, cement blocks, and tiles. Knowing that low-grade materials and processes can cause harm to those who inhabit buildings, Emmanuel is absolutely committed to his business ethics.

As a result, Emmanuel has gained a lot of recognition in Rwanda and in neighboring countries, which has increased the demand for his products. The previous loans from AEC helped Emmanuel buy machinery and purchase land to expand his production facility. His capacity and profit increased, and reduced expenses such as rent. He had around 30 employees but after the previous loan, he increased to 45 employees. Even as many production challenges abound during COVID times, the construction industry in Rwanda remains strong, and Emmanuel has not seen a decreased demand for his products. Another loan will help Emmanuel procure raw material for his products so that he can meet the increasing demand. With this loan, he is planning to hire an additional 40 casual workers and 3 permanent workers – an incredibly valuable social impact right now as Rwanda’s economy rebuilding after lock-down.

This loan is special because:

It helps borrowers withstand negative economic impacts of the COVID-19 pandemic.

Loan details

Lenders and lending teams

Loan details