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Dufatanye Acb Group
In this Group: Aliane , Jean, Alphonsine, Philomene, Aurelie, Josiane, Mukamana, Marie Chantal, Dativa, Eugenie
Dufatanye meaning "let's work together" is the name of the group led by Aliane. Aliane and her group members have been in their businesses for the past three years. All the group members sell different items in their businesses, but they all have the common goal to achieve a better future.

With her portion of the loan, Aliane wishes to buy more cows to slaughter as she is running a butcher's shop. She expects to buy more cows from the profits that she will obtain from the business. All the group members are inspired by looking at their future as they are trying to change their lives, not like the way they were before, by making still more efforts for a better future.

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
  • 23
    View loans »
    Rwanda Loans Fundraising
  • $11,741,025
    Funds lent in using Kiva
  • 678.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Dufatanye Acb Group's $6,025 loan helped a member to buy more cows to provide meat for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2014
Listed
Jun 24, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2014