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Tubehoneza Acb Group
In this Group: Dina, Perpetue, Bernard, Ancila, Jeannette, Regine, Fortune, Janvier, Chadia, Hereman
Jeanette is a group leader and aged 31. She is married with two children aged between 10 and 6. All of them go to school. The group is called Tubehoneza which means “live well.” Jeanette has been running a butcher for one year. She wishes to improve her business through the loan. With the loan, she would like to buy more cows and goats for slaughtering, in order to sell meat in her butcher. The profits will be used to reinvest in her business. In the future Jeannette would like to have a booming butcher shop, to the extent of three times today's inventory. In the picture, Jeannette raised up her hand as a sign of identification for the group members as the leader for the group.

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.

Tags

About Rwanda

  • $1,700
    Average annual income
  • 48
    View loans »
    Rwanda Loans Fundraising
  • $15,329,275
    Funds lent in using Kiva
  • 685.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Tubehoneza Acb Group's $6,375 loan helped a member to buy more cows and goats for slaughtering to sell the meat in her butcher.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 14, 2014
Listed
Aug 25, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015