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Gritta

Update on Gritta

Gritta is 30 years old. She is married and has two children. She sells sorghum and has been in the business for the past four years. She makes local beers and juices made from sorghum. Therefore, with this new loan, she would like to buy more sorghum which will be used to make local beers for sale. She plans to use the profits for providing food for the family. She is happy with the return from the previous loan, which helped in restocking the business.

Previous Loan Details

Gritta is 29 years old. She is married and has two children, aged between five and eight. She has been selling locally made beer from sorghum for the past three years. With the loan, Gritta would like to buy more sorghum to make more locally produced beers for sale. The profits from the… More from Gritta's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Rwanda

  • $1,000
    Average annual income
  • 50
    View loans »
    Rwanda Loans Fundraising
  • $12,343,975
    Funds lent in using Kiva
  • 677.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Gritta to buy more sorghum for making local beers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2014
Listed
Feb 26, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 25, 2014