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Urukundo Cb B Group
In this Group: Josephine, Bellancille, Judith, Philomene, Eugenie, Gloriose, Xavera, Seraphine*, Consessa, Francine, Celine, Adele, Vissessiya, Joseph, Stephanie, Odette*, Nyirahakizimana, Fortune, Jean Nepomscene, Solange*, Agnes*, Mukantwari, Vestine, Anne Marie*, Providence, Pascasie, Nyirambaruramye, Therese, Uwimana*, Marthe, Fortunee, Valerie
* not pictured
Eugenie is 36 years old. She is married to a farmer. She is a group leader of the group Urukundo in Kinyarwanda, which means Love in English. The group members sell different items in their businesses and they have come together in the group to work hard in for better improve their businesses. Eugenie sells foodstuffs and has been running the business for the past ten years. With this loan, she would like to buy more foodstuffs, such as beans and bananas for sale. The profits from the business will be used to provide food for the family.

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
  • 49
    View loans »
    Rwanda Loans Fundraising
  • $16,926,975
    Funds lent in using Kiva
  • 676.4
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A portion of Urukundo Cb B Group's $4,750 loan helped a member to buy more foodstuffs for sale, such as beans and bananas for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2013
Listed
Nov 9, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014