A loan of $2,075 helped a member buying a motorbike for transport.


Cotamoru Group's story

M. Kizito, aged 23, is an unmarried young man who did not attend school.  He lives with his mother, three brothers, and a sister.  Kizito is the head of the family.  He is a member of the group called COTAMORU (Coopérative de taxi motards de Rubavu), a co-op of motobike taxi drivers of Rubavu which is a group of about fifty members subdivided into small groups of ten persons.  Many of them use motorbikes that are not theirs.  Kizito himself has need of a loan to increase his savings in order to purchase his own motorbike.  As with any other group, he is jointly guaranteed.   

Kizito and his group work to increase the financial capacity of their group and to upgrade their businesses.  In fact, the group has signed a loan with Amasezerano Community Banking to buy goods to supply their businesses.  The profits gathered from their business are reinvested to maintain the group's financial stability and to save money in order to have a better future. 

Concerning the group.
A group loan means that each member takes his amount and uses it for his own business.  The advantage is that the group guarantees the individual loans.  And if a member becomes answerable for his commitments, all the members of the group pay up for him.

In this group: Kizito, Jean Pierre, Jean D'amour, Augustin, Bonaventure, Evariste, Ibrahim, Elie, Serge, François

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Translated from French by Kiva volunteer Daniel Kuey



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