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Tuzamurane Group
In this Group: Alphonsine, Saverina, Jean Bosco, Amina, Vestine, Gaudence, Valentine, Triphine, Donatha*, Dative, Immaculee, Marie Josee, Claudine, Julienne, Esperance, Jean Bosco*, Daniel*, Emmanuel, Jeanne, Valerie
* not pictured
Jacqueline is 44 years old. She is married and has three children, and all are old enough to go to school. Jacqueline is a group leader of "Tuzamurane" which means "Raise Together" in English. All the group members have different businesses. Jacqueline sells rice, sugar, and salt. She has spent four years in the business. With the loan from the business she will buy another ton of rice, and sugar to sell. With the profits from the business will pay school fees for the children.

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
  • 41
    View loans »
    Rwanda Loans Fundraising
  • $15,198,425
    Funds lent in using Kiva
  • 597.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Tuzamurane Group's $4,975 loan helped a member to buy more rice, sugar and salt to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2012
Listed
Jun 10, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012