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Oct 18, 2016 7:45 PM ET

Archived: Rwanda: Nkunzurwanda Group – A loan of $4,750 helps a member to buy more retail items for her shop including sugar, tea leaves, milk, etc.

iCrowdNewswire - Oct 18, 2016

Nkunzurwanda Group

Rwanda / General Store
Borrower image

Nkunzurwanda Group’s story

Jacqueline is 40 years old, with 3 children who are ages 3 to 17 years old; all are in school.

She owns a mini-supermarket where she sells sugar, tea leaves, juice, water, sodas, eggs, and several other items. She has been running this business for the past four years. Her husband is a farmer.

She would like a loan to buy more items for her mini-supermarket, including bulk tea leaves, different types of juice, water, sodas, eggs and other items.

She hopes to make more profits, and with the profits, she would like to save until she can build her own house.

In this group: Jacqueline, Febronie, Donatha, Francoise, Clementine, Xaverine, Fatuma, Rodia, Emmanuel, Cyprien, Mathilde, Agnes, Vestine, Nadia, Gatarina, Clautilde, Laurence, Francoise
*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 $4,750 helps a member to buy more retail items for her shop including sugar, tea leaves, milk, etc.

Contact Information:

Nkunzurwanda Group

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