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Aug 12, 2016 3:24 EST

Rwanda – Vahasukore A Cb Group: A loan of $8,125 helps a member to buy more beans, sorghum and baking powder to sell.

iCrowdNewswire - Aug 12, 2016

Vahasukore A Cb Group

Rwanda
 
Rwanda / Food Stall
 
Borrower image

Vahasukore A Cb Group’s story

Vahasukore A Cb is a group led by Donatille who is 52 years old. The group name means “Work hard” in English. Donatille is married with two children aged 16 and 32. One of them attends school. She sells foodstuffs and has been doing business for the past 27 years. The group members sell different items and they have the same idea for changing their lives.

With the loan, Donatille would like to buy more beans, sorghum and baking powder to sell. The profits from the business will be used to pay school fees for her child, make savings, and buy beans for selling.

In this group: Epiphanie, Donatille, Elina, Constante*, J Damascene, Judith, Alphonsine, Primitive, Esther *, Uwineza , Concilia, J.m.v , Leonile *, Gerard , Laurent , Donatienne , Raininirida , Vestine , Jerome , Adela *, Innocentia , Valens
*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 $8,125 helps a member to buy more beans, sorghum and baking powder to sell.

Contact Information:

Vahasukore A Cb Group

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