Care group ABAKUNDAMAHORO MUTUTU

Nyanza Branch, Rwanda

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Care group ABAKUNDAMAHORO MUTUTU
Care group ABAKUNDAMAHORO MUTUTU
Care group ABAKUNDAMAHORO MUTUTU
Care group ABAKUNDAMAHORO MUTUTU

Care group ABAKUNDAMAHORO MUTUTU needs just £191.67 to complete their loan



Amount Requested

Amount requested:

£2856.67

Repayment term

Repayment term:

12 Months

Activity type

Activity type:

Farming

MFI Partner

MFI partner:

Umutanguha

Care group ABAKUNDAMAHORO MUTUTU which can be translated as ” The peacemakers”. This group has been working together for 6 years.  The members of this group are married and widows/widowers, on average they have 3 children each. The group members are involved with different activities, some of them are crops traders, farmers, shop keepers and others are livestock or poultry traders. They decided to form a saving and lending group in order to get capital to expand their activities and to teach the women the benefit of saving for their families. In the next 8 years they are anticipating that their targeted goal of improving their standard of life will be reached through Rural Women Development.
The members of the group are requesting a group loan in order to lend within the group among the members as it was founded with the purpose of saving and lending.  The members will generate profit from their small income generating activities and deposit a portion of the profit towards the payment to their principal loan received. The loan will be repaid within 12 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 ABAKUNDAMAHORO MUTUTU, you are supporting their next step into financial inclusion.

Loan added: 13 July 2018

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Care group ABAKUNDAMAHORO MUTUTU's loan repayment schedule

Date Expected repayments Actual repayments
August 2018 £259.70 Available 01/08/18
September 2018 £216.41 Available 01/09/18
October 2018 £216.41 Available 01/10/18
November 2018 £216.41 Available 01/11/18
December 2018 £216.41 Available 01/12/18
January 2019 £216.41 Available 01/01/19


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Lenders supporting Care group ABAKUNDAMAHORO MUTUTU


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