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Ejoheza Group
In this Group: Anicet, Eugenie, Olive , Godeliva, Marie Frorence, Pricille, Sifa, Jeanne, Bellancile , Pierre, Vestine, Emerianne, Jannette, Julienne, Denyse, Pascasie, Josephine, Immaculee, Godeberthe, Epiphanie, Valantine, Penine, Elivanie, Clementine, Francoise, Anastasie, Patricie, Clementine, Gorethi, Valentine
“Ejoheza” (meaning a bright future in the Kinyarwanda language) is a group of 30 clients. They sell different things. Some sell second-hand clothes, food crops, or fruit and others have bars. Olive (raising a hand in the photo) is the group president. She has a shop in which she sells items such as salt, soap, sugar, etc. Olive is 45 years old; she has three children who are between the ages of 17-21 years old.One of her children is in school while the other two stopped their studies after their six primary grades because she couldn’t afford their school fees. Olive sells bicycle spare parts and she is requesting a loan to buy more spare parts and fill her store in order to make more profits. With the profits she hopes to open up a wholesale shop. She has been in this business for three years and she finds it interesting because it enables her to cover most of her home expenses. Most of the other group members wish to reinvest in their businesses.

Additional Information

About Urwego Opportunity Bank of Rwanda (UOB)

Urwego Opportunity Bank (UOB) is a Rwandan bank specializing in microfinance. It offers credit products to individuals and groups interested in starting or expanding their businesses. It also offers training in business development, financial literacy and health management. Given that approximately 90% of the Rwandan population is directly or indirectly related to the agricultural sector, Kiva lenders’ funds will be used to support UOB’s agricultural loan products, which are vital to the clients living in remote areas.

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
  • 31
    View loans »
    Rwanda Loans Fundraising
  • $14,226,825
    Funds lent in using Kiva
  • 586.7
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ejoheza Group's $3,975 loan helped a member spare bicycle parts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2010
Listed
Oct 10, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011