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Aug 13, 2016 12:00 EST

Rwanda – Amizero Cb Group: A loan of $2,950 helps a member to buy more rice and jerrycans of cooking oil to sell.

iCrowdNewswire - Aug 13, 2016

Amizero Cb Group

Rwanda
 
Rwanda / General Store
 
Borrower image

Amizero Cb Group’s story

Amizero is a group led by Angelique, who is 45 years old. The group name means “Hope” in English. She is married with three children aged between 13 and 18 years. They all attend schools.

Angelique owns a shop and has been doing business for the past eight years. The group members sell different items, and they have same idea for changing their lives.

With the loan, Angelique would like to buy more rice and jerrycans of cooking oil to sell. The profits from the business will be used to pay school fees for her children.

In this group: Seraphine, Angelique, Genesta, Beatrice, Alice*, Claudine, Beatrice, Jean Baptiste*, Patience, Ferdina, Mukabaranga, Helarie, Beatrice, Joyeuse*, Therese, Pherecien, Sandrine, Selemani, Florence, Claudine
*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 $2,950 helps a member to buy more rice and jerrycans of cooking oil to sell.

Contact Information:

www.kiva.org/lend/1126160

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