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Humura Cb Group
In this Group: Marie , Xaveline , Helene , Claver , Norah , Jean Damascene , Mariam , Elize , Emerance , Nadine , Esperance , Venantie , Placidie , Marie Madeline , Francois , Falida , Justine , Anne Marie , Honorine , Gloriose , Antoine , Marie Mediatrice
Humura group is made up of 22 people. All the members of that group are very hardworking and they all have small scale businesses. Most of the group members have shops in which they sell several items which are commonly used at home such as salt,soap,sugar etc.

Farida is the group president, she has 4 children who are between the ages 7 to 23 years old. She is 43 years old and her husband is a driver. She sells charcoal and she is requesting a loan to buy more charcoal. With the profits she plans pay her children's school fees.

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
  • 33
    View loans »
    Rwanda Loans Fundraising
  • $14,226,825
    Funds lent in using Kiva
  • 593.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Humura Cb Group's $4,825 loan helped a member to buy charcoal.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2011
Listed
Mar 29, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011