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59%

funded

18 days left

$1,025.00 to go

Total loan: $2,550

Abishyizehamwe Tcb Group

Rwanda / Food Production/Sales

A loan of $2,550 helps a member by buying more sweet potatoes.

Abishyizehamwe Tcb Group's story

Xaveline is a 52-year-old mother of six children ages 13 and 31 years. Her husband is a farmer, and for the past twenty years she has been selling foodstuffs in her community trying to make ends meet.

She is the leader of the group named Abishyizehamwe Tcb, which in English means “People who joined together.” Group members sell different items and own a variety of businesses within the community and outside their community.

Xaveline will use her loan in stocking up her business by buying more sweet potatoes so that she can sell within her community. She hopes with the profits from her sales she will be able to save and also provide for the family. She is thankful for your support.

Due to the global pandemic, Urwego was not able to get a photograph of all the group members. Xaveline is serving as the group representative.

In this group: Xaveline, Theoneste, Jean, Joel, Jean, Florence, Thacienne, Asterie, Ntambara, Christine, Olive, Floride, Germaine, Stephanie, Mutesiwase, Clemantine, Daniel, Eugenie, Anisie, Beatrice, Esperance, Clementine, Florence, Viriginie, Florence

This loan is special because:

It provides financial opportunities to riskier Rwandan entrepreneurs who rely on social collateral.

Rachel Lewis, Kiva staff

Rachel Lewis
Kiva staff

More about this loan

This loan targets clients with limited experience with formal financial services and are designed to provide the borrowing experience and debt management skills to access larger loans. All group members receive four weeks of business and household finance management training and have access to valuable savings account. These loans, which include community banking, advanced community banking, and solidarity groups, have the greatest outreach and transformational impact.

About Urwego Bank:

Urwego Bank helps underserved Rwandans by providing its clients with the necessary credit and savings capabilities required for economic transformation. It offers a wide range of loan products, including group and individual loans, as well as training in business development, financial literacy and health management. Urwego loan products leverage social collateral since most group members have little to no collateral.

Loan details

Loan length:

6 months

Repayment schedule: Monthly

Disbursed date: November 26, 2020

Funding model: Flexible

Partner covers currency loss? No

Facilitated by Field Partner: Urwego Bank

Is borrower paying interest? Yes

Field Partner risk rating:

Lenders and lending teams

Country: Rwanda

Field Partner: Urwego Bank

Why Kiva works with this partner:

Like Kiva, Urwego is committed to providing sustainable access to finance for poor people living in remote areas. Urwego's vision is to be a premier sustainable financial institution achieving economic and social impact for the underserved in Rwanda. It does this by offering a wide variety of financial services and business trainings as well as leveraging social collateral instead of financial collateral. To date, the Bank has impacted more than 200,000 people by helping them establish businesses, expand agricultural plots, purchase motorcycles to earn money and open savings accounts. Kiva is thrilled to help Urwego increase its impact in rural Rwanda.

Time on Kiva: 127 months

Kiva borrowers: 108,311

Total loans: $31,604,500

Average cost to borrower: 31% PY

Profitability (return on assets): -1.7%

Average loan size (% of per capita income): 57.00%

Delinquency rate: 3.25%

Loans at risk rate: 7.36%

Default rate: 0.44%

Currency exchange loss rate: 0.04%

More about Urwego Bank

What is a Field Partner?

Comments and updates (0)

Repayment schedule

Show advanced

	Expected	Actual
Mar 2021	$1275.04	Available Mar 1
Apr 2021	$637.48	Available Apr 1
May 2021	$637.48	Available May 1

	Expected	Amount	Actual
Mar 2021
From borrower to Field Partner	Dec 10, 2020	156,906.48 RWF
	Dec 17, 2020	156,906.48 RWF
	Dec 24, 2020	156,906.48 RWF
	Dec 31, 2020	156,906.48 RWF
	Jan 7, 2021	156,906.48 RWF
	Jan 14, 2021	156,906.48 RWF
	Jan 21, 2021	156,906.48 RWF
	Jan 28, 2021	156,906.48 RWF
From Field Partner to lenders	Mar 2021	$1275.04	Available Mar 1
Apr 2021
From borrower to Field Partner	Feb 4, 2021	156,906.48 RWF
	Feb 11, 2021	156,906.48 RWF
	Feb 18, 2021	156,906.48 RWF
	Feb 25, 2021	156,906.48 RWF
From Field Partner to lenders	Apr 2021	$637.48	Available Apr 1
May 2021
From borrower to Field Partner	Mar 4, 2021	156,906.48 RWF
	Mar 11, 2021	156,906.48 RWF
	Mar 18, 2021	156,906.47 RWF
	Mar 25, 2021	156,906.47 RWF
From Field Partner to lenders	May 2021	$637.48	Available May 1

*This loan is impacted by the COVID-19 crisis and your support is needed more than ever. Repayments may be delayed or lower than expected.