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Apr 18, 2016 3:59 EST

Rwanda – Abadahemuka Cb A Group: A portion of Abadahemuka Cb A Group’s $4,925 loan helps a member to buy more cakes, milk powder and soda to sell.

iCrowdNewswire - Apr 18, 2016

Abadahemuka Cb A Group

Rwanda Retail | Retail
 
Abadahemuka Cb A Group
In this Group: Valens, Ismail, Carine, Jonas, Louise, Jean Baptiste, Beatha*, Joselyne, Joseph, Beatrice, Illumine*, Dieudonne, Drocelle, Sarah, Samuel
* not pictured
 
ABADAHEMUKA is a group led by Sarah who is 28 years old. The group name means “good people” in English. She is married with 1 child age 4 years, who goes to school. She owns a supermarket and has been doing this business for the past 2 years. The group members sell different items in order to changing their life. With the loan, she would like to buy more cakes, milk powder and soda to sell. The profits from the business will be used to buy a house.

Additional Information

More information 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 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.

Contact Information:

Abadahemuka Cb A Group

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