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Josephine
Josephine is 32 years old, married and has four children. Currently, all four of her children go to school. Josephine sells soft drinks like sodas and tea, which she has been doing for 10 years and her husband is a TV technician.

Josephine will use the loan to increase the capacity of her business. With the new profits from her growing business, Josephine plans to reinvest in her soft drink sales to continue to grow her revenue.

Additional Information

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.

About Rwanda

  • $1,700
    Average annual income
  • 32
    View loans »
    Rwanda Loans Fundraising
  • $14,314,275
    Funds lent in using Kiva
  • 593.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Josephine to buy more soft drinks for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2010
Listed
Dec 16, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011