Alphonsine is 23 years old. She is married and has two children who are two and five years old. She works together with her husband in the business. Alphonsine owns a boutique and bar. She has had this business for a period of five years.
She needs this loan to add more merchandise like lotions, cooking oil and battery cells in her business and she hopes to buy a plot of land and care for her family from the profit she makes. In the future, she would like to have a big retail shop.
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.