Check out other loans that are currently fundraising!
Abadacogora Group
In this Group: George, Odette, Colette, Viviane, Clarisse, Frank, Solange, Grace, Costasie, Angelique, Viriginie, Janviere, Xaverine , Virginie , Esperance , Betty , Ange Claudine , Henriette , Solange , Immaculee, Innocent , Seraphine , Marc
Colette is a leader for the group called “Abadacogora” in Kinyarwanda, which in English means “no rest, work hard.” She is 45 years old, married, and has eight children who all go to school. Collete, as a leader in the group, sells bananas and has spent three years in the business. Her group mates also sell different items. Since they jointly came together they say the loan will help them to boost their businesses. With the loan, Colette plans to buy more bananas to sell while the profits from the business will help her build a house.

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
  • 38
    View loans »
    Rwanda Loans Fundraising
  • $13,303,700
    Funds lent in using Kiva
  • 598.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Abadacogora Group's $4,150 loan helped a member to buy more bananas to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2012
Listed
Jun 20, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012