RSS Newsfeeds

See all RSS Newsfeeds

Global Regions

Africa ( XML Feed )

Sep 7, 2016 8:24 AM ET

Archived: Rwanda: Abatangana Cb Group – A loan of $6,100 helps a member to buy more drugs to sell in her pharmacy.

iCrowdNewswire - Sep 7, 2016

Abatangana Cb Group

Rwanda / Pharmacy
Borrower image

Abatangana Cb Group’s story

Abatangana Cb is a group led by Fanny, who is 32 years old. The group name means “not the same” in English. The group members sell different items, but they have same idea for changing their life.

Fanny is married with one child, who is five years old. She owns a pharmacy and has been in this business for the past eight years.

With the loan, Fanny would like to buy more drugs to sell. The profits from the business will be used to expand her business.

In this group: George, Jane, Anne Marie, Fanny, Chantal*, Dancile, Philomene, Fortunee, Alphonsine, Diane, J D’amour, M Gorethe, Annociathe*, Alphonse, Francine, Ange*, Alphonsine, Alphonsine, Jeanette, Molly, 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:

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 $6,100 helps a member to buy more drugs to sell in her pharmacy.

Contact Information:

Abatangana Cb Group

View Related News >