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Twivanemubukene Group
In this Group: Anastasie, Adela, Francoise, Olive, Odette, Vestine, Yvonne, Valentine, Asha, Jeanne, Alexianne, Marthe, Marie, Odette, Venantie*, Danys, Vestine, Seraphine, Jean Pierre, Felix, Simon, Agathe
* not pictured
Anastasie is 43 years old. She is married with six children. Her husband works in a private company. Anastasie is a group leader of a group called Twivanemubukene in Kinyarwanda meaning, “get out of poverty,” in English , the group members believe in working hard to change their mindset and also investing much effort to have a better future. She sells foodstuffs and has been in this business for the past six years. with the loan, she will buy bananas and fish to sell. The profits from the business will be used to pay school fees for her children. In the picture, Anastasie holds a blue registrar book.

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
  • 44
    View loans »
    Rwanda Loans Fundraising
  • $13,837,625
    Funds lent in using Kiva
  • 668.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Twivanemubukene Group's $5,050 loan helped a member to buy more bananas and fish to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2013
Listed
Oct 27, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014