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Amasimbi Group
In this Group: Grace, Marie Gorette , Beatha , Marcelline , Seraphine , Beathe , Josiane , Ernestine , Jeannette , Emmanuel , Alphonsine , Liberathe , Angelique , Clementine, Florence , Donatha , Therese , Anitha , Regine , Colette , Korena , Vestine , Alphonsine , Omega Seraphine , Venantie , Verediane , Eveline, Esperance , Jean Marie Vianney , Jacqueline , Adelphine
Amasimbi group is comprised of 31 members. Grace is one of the members and she is the president of the group. Grace is 29 years old and has three children who are between the ages of 7 and 11. Grace's children are all in school and her husband is a motorcycle driver. Grace sells secondhand children's clothes and she is requesting a loan in order to buy more clothes.

Generally, all the group members have small businesses and most of them have shops in which they sell household items such as candles, sugar, etc. They are generally requesting a loan to reinvest in their businesses.

Grace is the one holding the ID, that's Rwandese's National ID. Some of the group members are missing in the photo because they could not make it to their meeting venue.

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

  • $1,000
    Average annual income
  • 55
    View loans »
    Rwanda Loans Fundraising
  • $11,760,875
    Funds lent in using Kiva
  • 592.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Amasimbi Group's $4,825 loan helped a member additional inventory of used clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2011
Listed
Feb 18, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011