Faustin is 47 years old. He is married and has 10 children between the ages of 1 and 23. Nine of his children are students and are currently enrolled in school. Faustin sells different types of crafts in his shop. His wife helps him with his work. He has had this business for four years. With the loan, he will buy more crafts to sell. With the profit, he will pay school fees for his children. He says that his business is successful because he knows all the people near him and they appreciate his business. In the future, he would like to sell in a big market like that one in an urban area where there are more people than his local area.
About Urwego Opportunity Bank of Rwanda (UOB)
Urwego 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.