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Dusabane Group
In this Group: Theresie, Louise , Josephine , Beatha, Clementine , Marie, Anne Marie , Souzanne, Jacqueline , Christine , Evelyne , Solange , Athanasie , Martha , Aline , Francine , Jean De Dieu , Dominique , Josiane , Valentine , Marie
Theresie is 44 years old and married to a stone mason. She has five children who are between six and twenty-four years old. Two of her children attend school, but others have failed to continue due to lack of school fees. Theresie is a group leader of a borrowing group called Dusabane in Kinyarwanda which means share together in English.

The group members all have different businesses at the marketplace which is not far from their residential places. Theresie sells a variety of items in her shop such as rice, maize flour, sugar, soft drinks, and many more. She has been doing this business for a period of eighteen years. Since her business is prospering, she decided to request this loan to add more merchandise to sell, and she believes that the profit from this business will be used to re-invest in her business, because she needs to expand her business to the extent of becoming a wholesaler in the future.

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
  • 62
    View loans »
    Rwanda Loans Fundraising
  • $15,272,975
    Funds lent in using Kiva
  • 593.2
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Dusabane Group's $3,950 loan helped a member to buy more items such as rice, maize flour and sugar to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2010
Listed
Nov 25, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 23, 2011