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Umucyo Group
In this Group: Catheline, Esther, Charles, Francine, Deborah, Chantal, Fortunee, Malianna, Jacqueline, Laurence, Jean Paul, Chantal, Chantal, Damasse, Thamar, Betty, Emima
Emima, 68 years old, is part of the Umucyo (a Kinyarwanda word meaning "light") group. A mother of eight children between the ages of 8-36 years old, she has been able to provide an education for only some of them due to financial limitations. Emima sells a variety of foodstuffs, a business she has enjoyed for 35 years. She is requesting a loan in order to buy more foodstuffs, and she plans to keep her profits for savings.

Most of the other group members also sell foodstuffs, while others sell a variety of items such as fruits and vegetables, sugar, flour and other home items.

Additional Information

About Urwego Opportunity Bank of Rwanda (UOB)

Urwego Opportunity Bank (UOB) helps underserved Rwandans by providing its clients with the necessary credit and savings capabilities required for economic transformation. It offers credit products, including group and individual loans, as well as training in business development, financial literacy and health management. UOB loan products leverage social collateral since most group members have little to no collateral.

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
  • 2
    View loans »
    Rwanda Loans Fundraising
  • $15,557,575
    Funds lent in using Kiva
  • 592.0
    Rwanda Francs (RWF) = $1 USD