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Urumuri Cb Group
In this Group: Priscilla, Dativa, Leocadie, Marie Rose, Marie Rose, Pricille, Immaculee*, Immaculee, Beatha, Charlotte, Serafina, Berethilde, Pascasie, Ancile, Leocadie*, Julienne, Francine, Regina*, Veredianne, Octave, Marceline*, Yvonne
* not pictured
Charlotte is a group leader of “Urumuri,” which means “Light” in English. The loan group consists of different members with different business types, and they all aim high to be a light to their community. Charlotte sells foodstuffs, and as a group member, she wants to buy maize flour, cassava and beans for sale. The profits will be used to reinvest in the business. In the picture, Charlotte has raised her hand to identify her from other group members.

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
  • 47
    View loans »
    Rwanda Loans Fundraising
  • $12,350,475
    Funds lent in using Kiva
  • 635.3
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Urumuri Cb Group's $3,800 loan helped a member to buy maize flour, cassava and beans to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 22, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 19, 2013