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Aug 21, 2016 11:32 EDT

Rwanda – Abunzubumwe Cb Group: A loan of $3,500 helps a member to buy more fish to sell.

iCrowdNewswire - Aug 21, 2016

Abunzubumwe Cb Group

Rwanda / Fish Selling
Borrower image

Abunzubumwe Cb Group’s story

Abunzubumwe is a group led by Elevanie who is 51 years old. The group name means “Unity” in English. Elevanie is married with three children aged 7 to 22 years. She sells fish and has been doing this business for the past four years. The group members sell different items and they are working hard to improve their standards of living. With the loan, she would like to buy more fish to sell. With the profits from the business, she would like to renovate her house.

In this group: Abigaire, Jeannette, Ernestine, Elevanie, Evelyne, Louise, Sylvie, Emmanuel, Arbertine, Anastasie, Alvera, Alphonsine, Mwamina, Leonille, Josephine*, Concille, Jeannine, Sandrine, Jacqueline, Anne Marie
*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 $3,500 helps a member to buy more fish to sell.

Contact Information:

Abunzubumwe Cb Group

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