Nayima is 27 years old and married with one child who is currently attending school. For the past five years, Nayima has been selling products such as shampoo, hair relaxer, and hair conditioners. Her husband works with Nayima in a hair salon.
Nayima is requesting a loan to purchase more beauty products for the salon. With the profits from expanding her business, Nayima plans to renovate her house and, in the future, she would like to own a studio.
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.