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Sep 9, 2016 12:17 PM ET

Archived: Rwanda: Vision Cb Group – A loan of $8,525 helps a member to buy more rice, cooking oil, salt and petrol to sell.

iCrowdNewswire - Sep 9, 2016

Vision Cb Group

Rwanda / Retail
Borrower image

Vision Cb Group’s story

Vision Cb is a group led by Immaculee who is 29 years old. The group name means ‘Vision’.

Immaculee is married with two children aged 5 and 8. She owns a shop and has been running this business for the past three years. The group members sell different items but they have the same goals for their lives.

With the loan, Immaculee would like to buy more rice, cooking oil, salt and petrol to sell. The profits from the business will be used to renovate her house and make savings.

In this group: Florence, Jeanne, Justine, Jyovanissi, Janet, Esther, Joseph, Alvera*, Claudine, Chantal*, Berancille, Olive, Immaculee, Sebantu Charles, Appolonie, Marguerite, Catheline
*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 $8,525 helps a member to buy more rice, cooking oil, salt and petrol to sell.

Contact Information:

Vision Cb Group

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