Kabaya Sector, Ngororero District, Rwanda
Care Group Twitekumurimo needed £1890.37 for their business.
The Twitekumurimo Care group, which translates as “Let us work hard”, is a voluntary savings and loan group created by Care Rwanda in 2013. The group is made up of 30 members: 23 women and 7 men. They need this loan in order to buy more sheep and goats to resell. This way, the group members will have the money to pay the school fees for their children. They will also buy good quality seeds for their farming.
One member of the group is Mr Emmanuel Mbitsemunda, 49 years old. He says that they came together after seeing a positive change in his neighbours, who had joined Care Rwanda. He attended Care’s financial literacy program, and met the other group members there.
They started saving as little as $0.25 a week.
In the future, they would like to become a registered cooperative.
This group was first established in 2013 with the help of CARE as a Voluntary Savings and Loans Association, or VSLA. These groups are formed by communities that begin by pooling members’ savings and using these savings to make loans to individual members. 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 the Twitekumurimo Care group, you are supporting their next step into financial inclusion.
You can read more about our VSLA work in Rwanda in our news feature here.
loan added: 10 May 2018
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