Amasezerano Community Banking S.A.
Approved to post Kiva loans from: Rwanda
Status Update - March 2015
Kiva and Amasezerano have agreed to end their partnership after nearly 5 years and more than $1.5M in loans raised. This Lending Partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Amasezerano for the years of collaboration and wish them success in their future endeavors.
Status Upate - June 18, 2014
Amasezerano Community Banking stopped posting loans to Kiva in May 2013 in order to focus on collections. Since posting ceased, Kiva and ACB staff have remained in contact, and Amasezerano has continued to report repayments to Kiva each month, and sent funds collected from borrowers to Kiva on time. For the time being, Amasezerano is continuing to focus on repayments, and is still not publishing new loans to Kiva's website.
Status Upate - September 18, 2013
Delinquency for Kiva loans administered by Amasezerano Community Banking has been high due to issues in the institution's loan disbursement and management processes. Amasezerano has identified specific areas for improvement in their loan management, and has made an agreement with Kiva to stop publishing loans on the Kiva website until these changes have been implemented. In the meantime, Kiva and Amasezerano staff will remain in contact, and we are grateful for Kiva lenders' support and patience.
Status Upate - June 5, 2013
Amasezerano is experiencing a lot of delinquency among its agricultural clients. Because the organization posts a large number of agricultural loans on Kiva, its delinquency rate on our site has been seriously impacted. To address this situation, Kiva staff has been in touch with Amasezerano's management team, and they will be working with borrower groups, farmer cooperatives, and local authorities to collect on delinquent loans.
Partner Description:
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. 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.
On June 20, 2006, ACB was granted official approval to collect deposits and offer loans as a microfinance institution by the National Bank of Rwanda. Operations officially began on the 21st of August, 2006 from ACB’s first branch in Kicukiro, a neighborhood in Kigali, the capital of Rwanda. Today, Amasezerano operates five branch offices, Nyarugenge, Nyabugogo, Bugesera and Rubavu. ACB has invested in technology which allows information to be shared between branches quickly and easily, which allows their clients to deposit savings and withdraw money at the most conveniently located bank branch, a convenience many microfinance institutions do not offer.
ACB’s client base is composed primarily of farmers, small business owners, women entrepreneurs and low-wage private-sector salaried workers. Savings offerings include checking accounts, fixed deposit accounts, and savings accounts. 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 money transfer, currency exchange and life insurance services to its borrowers.
Since it was founded, Amasezerano has grown at a remarkable rate, and continues to work toward its vision of making a significant contribution to the advancement of poor Rwandans while maintaining financial sustainability. In Kinyaranda, Amasezerano means promise. For Amasezerano, living up to this name means playing an active role in empowering a population scarred by war and the terrible genocide of 1994 so that poor Rwandans can enjoy prosperity, dignity, and peace.
Status Upate - January 31, 2013
Amasezerano's risk rating has been changed from 3 stars to 2 stars, signifying an increase in risk. This change resulted from a regular re-assessment by Kiva analysts, and is based on operational and financial data collected about this partner, as well as conversations with key members of its staff.
In particular, Amasezerano has experienced significant turnover in management and difficulties with cash flow that caused a late payment to Kiva. Currently, the institution is up to date with its repayments, and Kiva feels comfortable continuing the partnership.
Kiva and Amasezerano have agreed to end their partnership after nearly 5 years and more than $1.5M in loans raised. This Lending Partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Amasezerano for the years of collaboration and wish them success in their future endeavors.
Status Upate - June 18, 2014
Amasezerano Community Banking stopped posting loans to Kiva in May 2013 in order to focus on collections. Since posting ceased, Kiva and ACB staff have remained in contact, and Amasezerano has continued to report repayments to Kiva each month, and sent funds collected from borrowers to Kiva on time. For the time being, Amasezerano is continuing to focus on repayments, and is still not publishing new loans to Kiva's website.
Status Upate - September 18, 2013
Delinquency for Kiva loans administered by Amasezerano Community Banking has been high due to issues in the institution's loan disbursement and management processes. Amasezerano has identified specific areas for improvement in their loan management, and has made an agreement with Kiva to stop publishing loans on the Kiva website until these changes have been implemented. In the meantime, Kiva and Amasezerano staff will remain in contact, and we are grateful for Kiva lenders' support and patience.
Status Upate - June 5, 2013
Amasezerano is experiencing a lot of delinquency among its agricultural clients. Because the organization posts a large number of agricultural loans on Kiva, its delinquency rate on our site has been seriously impacted. To address this situation, Kiva staff has been in touch with Amasezerano's management team, and they will be working with borrower groups, farmer cooperatives, and local authorities to collect on delinquent loans.
Partner Description:
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. 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.
On June 20, 2006, ACB was granted official approval to collect deposits and offer loans as a microfinance institution by the National Bank of Rwanda. Operations officially began on the 21st of August, 2006 from ACB’s first branch in Kicukiro, a neighborhood in Kigali, the capital of Rwanda. Today, Amasezerano operates five branch offices, Nyarugenge, Nyabugogo, Bugesera and Rubavu. ACB has invested in technology which allows information to be shared between branches quickly and easily, which allows their clients to deposit savings and withdraw money at the most conveniently located bank branch, a convenience many microfinance institutions do not offer.
ACB’s client base is composed primarily of farmers, small business owners, women entrepreneurs and low-wage private-sector salaried workers. Savings offerings include checking accounts, fixed deposit accounts, and savings accounts. 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 money transfer, currency exchange and life insurance services to its borrowers.
Since it was founded, Amasezerano has grown at a remarkable rate, and continues to work toward its vision of making a significant contribution to the advancement of poor Rwandans while maintaining financial sustainability. In Kinyaranda, Amasezerano means promise. For Amasezerano, living up to this name means playing an active role in empowering a population scarred by war and the terrible genocide of 1994 so that poor Rwandans can enjoy prosperity, dignity, and peace.
Status Upate - January 31, 2013
Amasezerano's risk rating has been changed from 3 stars to 2 stars, signifying an increase in risk. This change resulted from a regular re-assessment by Kiva analysts, and is based on operational and financial data collected about this partner, as well as conversations with key members of its staff.
In particular, Amasezerano has experienced significant turnover in management and difficulties with cash flow that caused a late payment to Kiva. Currently, the institution is up to date with its repayments, and Kiva feels comfortable continuing the partnership.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Jun 16, 2010 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $1,528,175 | $2,061,712,330 | |
| Amount of raised Inactive loans | $0 | $379,125 | |
| Number of raised Inactive loans | 0 | 306 | |
| Amount of Paying Back Loans | $0 | $151,582,105 | |
| Number of Paying Back Loans | 0 | 180,570 | |
| Amount of Ended Loans | $1,528,175 | $1,864,456,995 | |
| Number of Ended Loans | 1,026 | 2,517,148 | |
| Delinquency Rate | 0.00% | 11.58% | |
| Amount in Arrears | $0 | $10,582,819 | |
| Outstanding Portfolio | $0 | $91,420,687 | |
| Number of Loans Delinquent | 0 | 34,389 | |
| Default Rate | 5.24% | 1.83% | |
| Amount of Ended Loans Defaulted | $80,107 | $34,072,925 | |
| Number of Ended Loans Defaulted | 191 | 91,307 | |
| Currency Exchange Loss Rate | 0.02% | 0.47% | |
| Amount of Currency Exchange Loss | $285 | $12,915,654 | |
| Refund Rate | 4.30% | 0.55% | |
| Amount of Refunded Loans | $65,750 | $11,263,070 | |
| Number of Refunded Loans | 40 | 9,868 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 30.49% | 78.52% | |
|---|---|---|---|
| Average Loan Size | $227 | $393 | |
| Average Individual Loan Size | $730 | $585 | |
| Average Group Loan Size | $1,798 | $1,914 | |
| Average number of borrowers per group | 8.8 | 8.3 | |
| Average GDP per capita (PPP) in local country | $1,700 | $5,593 | |
| Average Loan Size / GDP per capita (PPP) | 13.35% | 7.03% | |
| Average Time to Fund a Loan | 5.76 days | 9.14 days | |
| Average Dollars Raised Per Day Per Loan | $39.39 | $43.02 | |
| Average Loan Term | 6.89 months | 11.5 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 391 | 1,228,670 | |
|---|---|---|---|
| Journaling Rate | 35.19% | 41.93% | |
| Average Number of Comments Per Journal | 0.05 | 0.02 | |
| Average Number of Recommendations Per Journal | 0.03 | 0.55 |
Borrowing Cost Comparison (based on 2012 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 29% PY | 31.00% PY | 27.12% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | -5.4% | -3.2% | -1.71% | |
| Average Loan Size (% of per capita income) | N/A | 81.00% | 0.00% |
Country Fast Facts
- Country:
- Rwanda
- Capital:
- Kigali
- Official Language:
- Kinyarwanda only (official) 93.2%, Kinyarwanda and other language(s) 6.2%, French (official) and other language(s) 0.1%, English (official) and other language(s) 0.1%, Swahili 0.02%, other 0.03%, unspecified 0.3%
- Population:
- 12,337,138
- Avg Annual Income:
- $1,700
- Labor Force:
- agriculture: 90%, industry and services: 10%
- Population Below Poverty Line:
- 44.90%
- Literacy Rate:
- 70.50%
- Infant Mortality Rate (per 1000):
- 59.59 deaths
- Life Expectancy:
- N/A years