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Ibakwe Cb Group
In this Group: Laurence, Cyrile, Mediatrice, Drocelle, Hosanne, Josephine, Jacqueline, Adrienne, Marie Claire, Francois, Vestine, Alphonsine, Agnes, Fabien*, Laurent, Odette, Julienne, Francine, Juliette, Madeleine, Yvone, Odette, Julienne, Florence, Verediane
* not pictured
Laurence is a group leader for Ibakwe, which means "courageous." All the group members have the vision of transforming their lives through the loans they wish to get. Laurence is 31 years old. She is married and has three children, between the ages of six months and five years. None of her children attend school due to the fact that they are still young.

Laurence owns a boutique and has been running that boutique for the past six years. She has requested a loan to buy more items to add to the boutique such as fish, rice, and cooking oil for resale. With the profits from her business, she will renovate her 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
  • 50
    View loans »
    Rwanda Loans Fundraising
  • $12,343,975
    Funds lent in using Kiva
  • 675.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ibakwe Cb Group's $5,325 loan helped a member to buy more fish, rice, and cooking oil for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2013
Listed
Jan 14, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2014