Claire is 31 years old and is married to a telephone company technician. She has two children, aged four and six. In her shop, Claire sells a variety of items such as rice, sugar, beans, beauty soaps and electricity. She has spent five years in this business. With this loan, she will buy more rice, sugar and beans to sell. She plans to save most of her profits. She says that her business is successful because she sells products that are in demand from customers. In the future, she would like to make a 60% return on investment.
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.