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Urumuri A Group
In this Group: Anathalie, Emerance, Agnes, Peteronille, Gaudance*, Theogene, Emmanuel, Jean, Esther, Rosine, Odette*, Beatrice, Scovia, Alivera*, Alphonsine, Laurence, Judith, Hassina, Egidie*, Floride, Beatrice, Marie Rose, Liberatha*, Jean Christom, Chantal
* not pictured
Urumuri, which is the name of this loan group, means Light in the Kinyarwanda language. Each of this group's members makes a living selling various items locally. Peteronille, the group leader, is 35 years old, married and has four children who are between the ages of five and 11. All of her children are in school. Her husband works as a farmer. Peteronille runs a shop where she sells household and food items such as sugar, soaps, rice, lotions and soda. She has had this business for 20 years and will use her portion of this loan to buy more items to sell to her customers. She plans to use the additional income made possible by this loan to pay her children's school fees. She has succeeded in business because she knows her customers well. In the future, she hopes to buy a house where she can also run her business. In the photo, we see Peteronille seated in the second row holding up her Urwego Opportunity Bank Passbook.

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
  • 55
    View loans »
    Rwanda Loans Fundraising
  • $15,230,800
    Funds lent in using Kiva
  • 578.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Urumuri A Group's $3,675 loan helped a member to buy more food and household goods to sell to her customers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2010
Listed
Nov 1, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011