Twiteganyirize Cb Group
Drocelle is the leader of a group called Twiteganyirize - which means "Save for the future" in English. They all belong to one group but they own different business types, and they have been praising their ability of doing small business with the help of micro loans. Drocelle sells foodstuffs and has been in the business for the past six years. With the loan, she would like to buy more beans, sorghum and millet to sell. The profits from the business will be used to provide food for the family.
In the group photo, Drocelle holds a piece of paper as a sign of identification from her fellow group members.
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.
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Success!! The loan was 100% repaid