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Aug 20, 2016 5:04 EST

Rwanda – Dukundumurimo. Tcb Group: A loan of $5,075 helps a member to buy more rice, cooking oil, and maize flour to sell.

iCrowdNewswire - Aug 20, 2016

Dukundumurimo. Tcb Group

Rwanda
 
Rwanda / Food
 
Borrower image

Dukundumurimo. Tcb Group’s story

Dukundurmurimo is a group led by Claudette, who is 34 years old. The group name means “Like to work” in English. She is married with seven children, aged 3 to 14 years. She owns a shop and has been doing a business for the past four years.

The group members sell different items, and they have same idea for changing their lives. In this photo, there is someone wearing a white hat who is not visible.

With the loan, Claudette would like to buy more rice, cooking oil, and maize flour to sell, and she wishes to become a wholesaler. The profits from the business will be used to renovate her house and make savings.

In this group: Claudette , Jean , Esperance , Clementine , Marcerine , Florence , Colette , Christine , Gaudence , Annonciathe , Norbert , Odette , Claudine *, Carine, Augustin, Viollette, Laurence, Jean Claude, Chantal, Syprien, Judith, Marie Claire
*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 $5,075 helps a member to buy more rice, cooking oil, and maize flour to sell.

Contact Information:

Dukundumurimo. Tcb Group

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