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Turikumwe Cb Group
In this Group: Olive, Marie Anne, Marie, Pelagie*, Vestine, Valencie, Josephine, Epiphanie, Verene, Anna, Helene, Gelas, Valerie, Vedaste, Tabitha*, Callixte, Drocella, Josepha, Florence, Claude
* not pictured
Valencie is a group leader for the group called Turikumwe meaning "We are together" in English. The group is composed of different members. They sell different items but they have the same focus of upgrading their businesses. Valencie sells shoes and has been in the business for the past five years. With the loan, she would like to buy more shoes to sell. The profits from the business will be used to make more savings and provide food for the family. In the picture, Valencie holds up the bible.

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
  • 56
    View loans »
    Rwanda Loans Fundraising
  • $12,325,600
    Funds lent in using Kiva
  • 647.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Turikumwe Cb Group's $5,400 loan helped a member to buy more shoes to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 29, 2013
Aug 20, 2013
Currency Exchange Loss:
Dec 17, 2013