Rayira is 50 years old. She is married and has eight children between the ages of 10 and 30. Her children go to school. Her husband is not employed. Rayira sells clothes. She has spent forty years in this business. With this loan she will buy more clothes to sell. With profits generated from this business, Rayira will provide for her family and reinvest some. Her business is successful because she sells at a reasonable price. In the future, she would like to own a commercial building.
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.