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Urunana Cb Group
In this Group: Megitilda*, Consolee, Laurence, Tancille, Dativa, Vestine, Beathe, Thancille*, Pascasie, Valerie, Laurence, Josiane, Libellee, Theodosie, Alphonsine, Esperance, Adeline*, Beatrice, Yvonne, Gaudance, Jeanne D` Arc, Donatien*, Odette, Sifa*, Claudina
* not pictured
Beathe is 30 years old, married and has four children, all of whom go to school. She is the group leader and all her group members sell different items. The group's name is URUNANA CB, which means 'togetherness' in English.

Beathe has been selling foodstuffs for the past six years. With this loan, just like the other group members, she wants to buy more foodstuffs such as sorghum and beans for resale. She plans to increase her savings for a better future, as she takes care of her family with the profits from the business.In the picture, Beathe lifts up the bible as an identification 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
  • 42
    View loans »
    Rwanda Loans Fundraising
  • $13,772,850
    Funds lent in using Kiva
  • 649.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Urunana Cb Group's $3,300 loan helped a member to buy more foodstuffs for sale such as sorghum and beans.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2013
Listed
Jul 31, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013