Velonique is 54 years old. She has four children who are between 26 and 39 years old. All her children attend school. Her husband works as a technician at the national sewage company. Velonique sells charcoal and she has had this business for three years.
She has requested this loan to buy more sacks of charcoal to sell. She believes that her business has allowed her to cover most of her basic needs and the neighbors have significantly benefited from her business. The profit from this business will be used to help her to raise the tuition fee for her children to complete university studies. She hopes to make a continuous profit in the future.
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.