Nyakiriba Sector, Rubavu District- Mahoko Branch, Rwanda
Care Group Tuzamurane Bategarugori 375 needed £1812.68 for their business.
The CARE Group Tuzamurane Bategarugori 375 which translates “Women, Let’s help each other” is a Voluntary Savings and Loan Association group (VSLA) created by CARE Rwanda in 2012. The group is made of 30 members: 27 women and just 3men. The group needs this loan in order to buy more sheep and goats to resell. This way, the group members will have enough money to pay the school fees for their children, and they will also buy seeds to do good farming. On average, the group members have five children each.
Mrs Rahab Nyirabavakure, a group member, explains that they came together after seeing a positive change from their neighbours, who had joined Care Rwanda. She attended CARE’s financial literacy program and there she met the other current group members. They started saving as little as $0.25 a week. In the future, they would like to be a registered cooperative, and they would like the members to continue their income-generating activities and be able to pay for health insurance and school fees for their children. They will repay the loan in six months. These groups are a critical first step towards financial inclusion, but as groups mature, they may seek larger loans and investment than the group can provide. By investing in CARE group Tuzamurane Bategarugori 375, you are supporting their next step into financial inclusion. These groups are a critical first step towards financial inclusion, but as groups mature, they may seek larger loans and investment than the group can provide.
You can read more about our VSLA work in Rwanda in our news feature here.
loan added: 08 February 2018
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