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Umucyo Cb Group
In this Group: Vestine, Vincente, Racheri, Angelique, Esther*, Jean, Renatha, Immaculee, Jeanne*, Beatha, Marie, Vicente, Dativa, Consolee, Josepha*, Claver, Jeanne, Marthe, Aloysie, Chantal, Veronique*, Pascal, Mukampongo, Nyirantorwa, Olive, Immaculee, Anathalie, Mukagatare, Anasthasie, Francine*, Patricie, Mukagasana
* not pictured
Racheri is 37 years old. She is the group leader of Umucyo in Kinyarwanda, which means Light in English. She is married with three children aged between three and nineteen. None of the children are going to school. The group leader and the group members are working hard to achieve results that helps them improve themselves and the society in which they are living. With the loan, she would like to buy more sorghum and make local juice. The profits from the business will be used to build a house. Racheli has raised her hand as symbol of identification from the 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
  • 91
    View loans »
    Rwanda Loans Fundraising
  • $12,654,950
    Funds lent in using Kiva
  • 680.9
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Umucyo Cb Group's $5,400 loan helped a member to buy more foodstuff for sale.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2014
Listed
Apr 25, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014