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Icyerekezo Cb Group
In this Group: Valentine, Mamerthe, Eduleda, Olive, Mawazo Diane, Francine, Berthe, Aria, Angelique, Jacqueline, Josiane, Jeannette, Goretti, Marie, Jacqueline, Fortune, Emmanuel, Monique, Mediatrice, Rachel, Deo, Josephine, Monique, Vincent, Marceline, Jean Claude, Jasson
Goretti is 35 years old. She is married with four children. She is a group leader of Icyerekezo group, which means the vision in English.

Goretti has spent five years in the business of selling cooked food in her restaurant.

With the loan, she would like to buy more bananas and different foodstuffs to cook in her restaurant.

The profits from the business will be used to renovate the house. All the group members aim at making their businesses more profitable and to change their lives.

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
  • 96
    View loans »
    Rwanda Loans Fundraising
  • $12,654,950
    Funds lent in using Kiva
  • 677.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Icyerekezo Cb Group's $3,550 loan helped a member to buy more foodstuffs to make food for sale in the restaurant.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2014
Listed
Jul 14, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2014