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Umurimo Isoko Y'iterambere Group
In this Group: Nepomuscène, Sylvain, Desiré, Viateur , Alphonse, André , Pafiri

Update on Umurimo Isoko Y'iterambere Group

Sylvain is a member and president of the "Umurimo Isoko y’Iterambere" group. The name of the group means "work, the source of developments".

Sylvain is 54 years old and married with 6 children aged between 17 and 34 years old, 3 of whom go to school. He himself has 6 years of primary school education. Sylvain is a rice farmer. This is his second loan cycle with ACB and he says that the last loan really helped with his rice farming activities, and that he had no problem paying it back. He will use this loan to buy fertilizers and pay the manual labourers needed to work on his rice farm.

In order to increase his rice farming business, he plans to use selected seeds. In the coming years, he would like to build a large building in which to store his rice. He plans to use his profits to build a house to live in and pay his children's education expenses.
Sylvain est le membre et le président du groupe Umurimo Isoko y’Iterambere. Le nom du groupe signifie «le travail la source de développements».Il a 54 ans et il est marié avec 6 enfants de 17 an à 34 ans, dont 3 sont scolarises. Son niveau d’éducation est 6ième primaire.
Sylvain est cultivateur de riz. C’est son deuxième cycle 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 d’utiliser des semences sélectionner. Dans les prochaines années, il voudrait construire une grande maison de stock de riz. Avec les profits, il prévoit de construire une maison d’habitation, payer le frais scolaire de ses enfants.

Previous Loan Details

Sylvain belongs to the Umurimo Isoko Y'Iterambère group. He was born in Rwanda and is 54 years old. He is married and has six children, the eldest of whom is 33 years old and the youngest 17. Three of his children attend school and he has two other dependents. He has six years of primary educatio... More from Umurimo Isoko Y'iterambere Group's previous loan »

Additional Information

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.

About Rwanda

  • $1,700
    Average annual income
  • 50
    View loans »
    Rwanda Loans Fundraising
  • $18,405,575
    Funds lent in using Kiva
  • 626.6
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Umurimo Isoko Y'iterambere Group's $1,700 loan helped a member to buy fertilizers and to pay the manual labourers who work on his rice farm.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Oct 9, 2012
Oct 30, 2012
Currency Exchange Loss:
May 2, 2014