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Sep 22, 2016 8:38 PM ET

Archived: Rwanda: Twisungane Cb Group: A loan of $9,150 helps a member to buy more cassava, ground nuts, and bananas to sell.

iCrowdNewswire - Sep 22, 2016

Twisungane Cb Group

Rwanda / Food Market
Borrower image

Twisungane Cb Group’s story

Twisungane Cb is a group led by Alvera who is 46 years old. She is married with five children between seven and 16 years. The group name means “Let Us Come Together” in English.

She sells foodstuffs and has been doing this business for the past 15 years. The group members needs to improve their standards of living. With the loan, Alvera would like to buy more cassava, ground nuts, and bananas to sell. The profits from the business will be used to increase her savings.

In this group: Solange, Mediatrice, Jean Felix, Jeanine, Damascene, Hasina, Solange, Valentine, Alphonse, Hassan, Marie, Alvera, Mwarifeza, Asiya, Francine, Odette
*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 $9,150 helps a member to buy more cassava, ground nuts, and bananas to sell.

Contact Information:

Twisungane Cb Group

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