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Aug 12, 2016 6:52 EST

Rwanda – Ururabo Cb Sub Grp B Group: A loan of $7,125 helps a member to buy more rice, cooking oil and Colgate for resale.

iCrowdNewswire - Aug 12, 2016

Ururabo Cb Sub Grp B Group

Rwanda
 
Rwanda / Retail
 
Borrower image

Ururabo Cb Sub Grp B Group’s story

Ururabo CB Sub Group B is a group led by Blandine who is 39 years old. She is married with 6 children aged between 3 and 20 years. The group name means “The flower” in English. She owns a shop and she has been doing this business for 12 years. With the loan, she would like to buy more rice, cooking oil and Colgate for resale. The profits from the business will be used to pay school fees of her children.

In this group: Georgie, Blandine, Felix, Francine, Aline, Marie Rein, Claudine, Gerard, Marie Rose, Pacifique, Sept, Jean De Dieu, Dative, Hellen, Theodette, Alfonsine, Joselyne, Marie Aimee, Liliane, Leonie, Jean De Dieu, Penine, Appoline, Susan
*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 $7,125 helps a member to buy more rice, cooking oil and Colgate for resale.

Contact Information:

Ururabo Cb Sub Grp B Group

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