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Zamukanawe Cb Group
In this Group: Marie Goreth, Josianne, Donata, Boniface, J Bosco, Rose, Angelique, Xaverine*, Triphine, Grace, Chantal, Vestine, Deo, Josephine, Adele*, Andre*, Joseph, Alphonsine, Amon Daniel, Anathalie*, J Damascene, Theoneste, Jacqueline
* not pictured
Zamukanawe is a group loan led by Donata. The group name means "rise up" in English.

The group members have different kinds of businesses and they aim to improve the standard of business. They will use the loan to buy bananas and sorghum. The profits will go into savings.

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

  • $1,700
    Average annual income
  • 30
    View loans »
    Rwanda Loans Fundraising
  • $14,430,550
    Funds lent in using Kiva
  • 674.1
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Zamukanawe Cb Group's $6,650 loan helped a member to buy bananas and sorghum.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2014
Listed
Jul 13, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015