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Jul 27, 2016 9:50 AM ET

Archived: Rwanda – Dufatanye Group: A loan of $7,000 helps a member to buy more beans, rice, and sorghum for sale.

iCrowdNewswire - Jul 27, 2016

Dufatanye Group

Rwanda / Food Market
Borrower image

Dufatanye Group’s story

Dufatanye CB is a group led by Theopiste, who is 42 years old. She is married with five children aged between 6 and 20 years. The group name means “Let us work together” in English.

She sells foodstuffs and she has been doing this business for four years. With the loan, she would like to buy more beans, rice, and sorghum for sale. The profits from the business will be used to improve her welfare.

In this group: Jesca, Claudine, Beatha, Vestine, Jacqueline*, Godeberthe, Clementine, Donatha, Veneranda, Pascasie, Speciose, Odette, Odette, Marceline, Theopiste, Francoise, Godelive, Clenie, Peruth, Claudine, Felecien, David, Felecien, Anualite, Ruth
*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.

A loan of $7,000 helps a member to buy more beans, rice, and sorghum for sale.

Contact Information:

Dufatanye Group

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