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Aug 20, 2016 9:35 EDT

Rwanda – Duterimbere Cb Group: A loan of $5,900 helps a member to buy more fish to sell.

iCrowdNewswire - Aug 20, 2016

Duterimbere Cb Group

Rwanda / Fish Selling
Borrower image

Duterimbere Cb Group’s story

Duterimbere Group is led by Josepha who is 37 years old. The group name means “vision” in English.

Josepha is married with six children, ages 1 to 16 years. She sells fish and has been in business for the past 10 years. The group members sell different items and they share the same idea for changing their lives.

With the loan, Josepha would like to buy more fish to sell. The profits from the business will be used to build a house and start a savings account for her children.

In this group: Esther, Aloys, Jeannette, Esperance, Philomene, Leoncie, Jacqueline, Laurence, Delphine*, Liberathe, Josepha, Domithille, Jeanne D Arc, Jean Damascene, Jean De Dieu, Appolinarie, Agnes*, Jeanne, Jothan, Anuarithe, Celestin, Erneste, Clementine, Pascal, Valerie*, Peruth, Marie Rose
*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 $5,900 helps a member to buy more fish to sell.

Contact Information:

Duterimbere Cb Group

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