Francoise is 38 years old. She is married and has 7 children between the ages of 1 and 15. Six of her children are enrolled in school. Her husband works as a driver. Francoise sells food stuffs such as maize flour and rice, and has spent 10 years in this business.
With this loan, she will buy more sacks of maize flour and rice to sell. With the profit from this business she will increase the volume of sales. She says her business succeeds because her shop is very popular. In the future, she would like to have a standard business to the extent of becoming the supplier to others.
About Urwego Opportunity Bank of Rwanda (UOB)
Urwego Opportunity Bank (UOB) is a Rwandan bank specializing in microfinance. It offers credit products to individuals and groups interested in starting or expanding their businesses. It also offers training in business development, financial literacy and health management. Given that approximately 90% of the Rwandan population is directly or indirectly related to the agricultural sector, Kiva lenders’ funds will be used to support UOB’s agricultural loan products, which are vital to the clients living in remote areas.