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Urunana Group
In this Group: Jeannette, Susana, Gorette, Claudine, Sandrine, Athanasie, Berthe, Christine, Jacqueline, Julienne, Beatrice, Immaculee, Mediatrice, Eric, Jean Pierre, Valens, Salah, Vestine, Tresse, Odette, Jacqueline, Visensiya, Leontine, Aime, Francoise, Immacule, Abiya
Jeannette is 23 years old. She is married and has one child, who is nine months old. Her husband is a carpenter. Jeannette is the group leader of the borrowing group called Urunana Group. Urunana means "let us join hands." Jeannette sells a variety of items in her shop, such as salt, sugar, soap and rice. She has had this business for three years. With this loan she will increase her inventory. The profits will be reinvested back into the business. She says that her business is successful because of the quality service she extends to her customers. In the future she would like to import new products.

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
  • 50
    View loans »
    Rwanda Loans Fundraising
  • $15,329,275
    Funds lent in using Kiva
  • 580.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Urunana Group's $4,575 loan helped a member to buy more sugar, soap and rice to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2010
Listed
Nov 4, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011