Kabaya Sector, Ngororero District, Rwanda
Care Group Twikuremubukene Mwendo needed £2134.81 for their business.
The Care Group Twikuremubukene, which translates as ‘Let us fight against poverty”, from Mwendo was established in 2014 with the help of CARE as a Voluntary Savings and Loans Association, or VSLA. The group has 30 members; 15 men and 15 women.
Vestine Uwizeyimana is one of the members of the group. When she joined the group, she and her husband were working for others. But now she grows Irish potatoes and he sells them to a collection centre, which takes them to a bigger market in Musanze. She will use her portion of the loan to buy 600kg of potato seeds, at $0.15 per kilogram. She will grow the potatoes on half a hectare of land and she expects to harvest around 2 tons to sell. They will also sell another good quantity of their Irish potatoes to individuals. She can sell more than 100 kilograms of Irish potatoes after the harvest. One kilogram of Irish potatoes costs about 350 Rwandan Francs (about 30 pence).
Each of the group members carries out small income generating activities and uses the income they generate to support their families and pay back the loan.
These groups are formed by communities that begin by pooling members’ savings and using these savings to make loans to individual members.
Before coming together, the group members were so poor that they could not even feed their families regularly. They struggled to take their family members to the hospital when sick. Since joining the group, they started putting together very small amounts of money as savings. After finding that their savings were not enough for the group members to pursue their small income generating activities (namely farming), they applied for a loan. This is not their first loan, they have successfully paid back another loan which. One of the best things about the loans is that each group member is now able to provide food for their families.
This group was first established in 2014 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 Twikuremubukene 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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