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Abizeranye Acb Group
In this Group: Julienne, Girbert, Clementine, Ezechiel, Claudine, Leonille*, Assouman, Hasina, Genevieve, Beatrice, Jean Baptiste
* not pictured
Abizeranye ACB is a group led by Hasina who has been actively leading the group for the past 8 years. Hasina and her fellow group mates strive to work hard for a better living. All the group members sell different items and they all aim to attain a big level in their business. Hasina sells various items in her stall, and has requested the loan to add more of items such as basins, flasks and sugar for sale. The profits from the business will be used to reinvest in her business. Hasina puts up her hand as symbol of the group leader.

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
  • 42
    View loans »
    Rwanda Loans Fundraising
  • $13,302,075
    Funds lent in using Kiva
  • 685.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Abizeranye Acb Group's $6,100 loan helped a member to buy more basins, flasks and sugar for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 14, 2014
Listed
Aug 20, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2014