Check out other loans that are currently fundraising!
Twisungane Cb Group
In this Group: Narcisse, Vestine, Xaverine*, Yvonne, Athanasie, Thacienne, Liberathe, Pascal, Domina, Yvonne, Vestine, Eugenie, Marcel, Vestine*, Immacule, Beatrice, Speciose, Vestine, Leetitia, Christine, Console, Ernestine, Jean Pierre*, Thamar, Cadatte, Julienne*, Christine, Liberathe, Evariste, Fortune, Chantal*, Beatrice, Claudine, Stephanie, Veronique, Gaheza, Christine, Christine, Consolee, Marie Chantal, Beatrice
* not pictured
Beatrice is a group leader. She is 51 years old. She is married with two children aged 14 and 19; both of them go to school.

The group is Twisungane, which means “Let's help each other" in English. They sell different products, but they share the common aspect of life of changing their lives through handiwork.

Beatrice prepares and sells blocks/bricks for building. With the loan, she would like to have more tons of bricks so that she earns more. The profits from the business will used to pay school fees for her children, and provide food for the family.

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
  • 58
    View loans »
    Rwanda Loans Fundraising
  • $15,230,800
    Funds lent in using Kiva
  • 688.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Twisungane Cb Group's $5,650 loan helped a member to buy and own more tons of bricks for sale.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2014
Listed
Aug 27, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 27, 2014