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Jul 4, 2016 7:19 EST

Rwanda: A portion of Abahuje Sub Group A’s $8,750 loan helps a member to buy more charcoal for sale.

iCrowdNewswire - Jul 4, 2016

Abahuje Sub Group A

Rwanda Rwanda / Charcoal Sales
 
Borrower image

A portion of Abahuje Sub Group A’s $8,750 loan helps a member to buy more charcoal for sale.

 

Abahuje Sub Group A’s story

ABAHUJE SUB GROUP A is a group led by Theophila who is 37 years old. The group name means “People with same target” in English. She sells charcoal and she has been doing this business for the past 14 years.

With the loan, she would like to buy more charcoal for sale. With the profits from the business, she would like to renovate her house.

In this group: Alfred, Cyprien, Josiane, Jean Paul, Claude, Theophila, Jean Paul, Hassan, Francois, Jean Claude, Jean Bosco, Eric, Emmanuel
*not pictured

This loan is special because:

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

 

Elizabeth Davidson
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 Opportunity Bank, a partner of Opportunity International and HOPE International:

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.

 
Contact Information:

Abahuje Sub Group A

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