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Dukundukuri Cb Group
In this Group: Appolinaliya, Clarissa*, Jacqueline, Francine, Jeanne, Jeanne, Berita, Febronie, Vincelia, Francine, Jacqueline, Matrida, Jacqueline, Chantal*, Jacqueline, Immaculee, Christine, Esperance, Dominique, Josee, Placidie*, Beatrice, Liberata, Dancile, Francine*, Devota
* not pictured
Francine is a group leader, aged 52. She is married with five children aged between 12 and 35; they all go to school. The group is called DUKUNDUKURI, which means “let us be honest” in English. They sell different merchandises, but they have something in common, which is to make their businesses more rewarding and help uplift their living standards.

Francine has sold foodstuffs for the past six years. With the loan, she would like to buy more beans, cassava, sorghum and maize flour for sale. The profit from the business will be used to reinvest in the same business.

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
  • 23
    View loans »
    Rwanda Loans Fundraising
  • $11,741,025
    Funds lent in using Kiva
  • 688.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Dukundukuri Cb Group's $2,450 loan helped a member to buy more foodstuffs such as beans, cassava and sorghum 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