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Gisenyi Twizamure Cb Group
In this Group: Violette, Jean, Marie Jose, Alphonsine, Chantal, Donatille, Bonifride, Bernadette, Peruth, Wellars, Leontine, Julienne, Christine*, Andre, Angelique, Gorette, Jacqueline, Beatrice, Emmanuel, Jacqueline*, Florence, Leoncie, Anathalie*, Leontine, Vestine*
* not pictured
Violette is married and she has three children. She is a group leader for the group called Twizamure in Kinyarwanda, which means “uplift each other” in English. The group members sell different items and they have been in the business for the past two years. Violette sells different items such as soaps, sugar and lotions and has requested the loan to add more items to sell. The profits from the business will be reinvested in the same business.

Additional Information

About Urwego Opportunity Bank of Rwanda (UOB)

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

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

  • $1,700
    Average annual income
  • 38
    View loans »
    Rwanda Loans Fundraising
  • $16,926,975
    Funds lent in using Kiva
  • 668.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Gisenyi Twizamure Cb Group's $4,750 loan helped a member to buy more soaps, sugar and lotions to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2013
Listed
Oct 28, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014