Charlotte is 30 years old, married and has three children who are between the ages of two and five years old. Her husband is a bar owner. Charlotte owns a business that sells foodstuffs, which she has been doing for four years.
Charlotte plans to use her loan to buy more beans, potatoes, and bananas. She hopes to use the new profits from her business to expand and grow the business. She also hopes to buy a house to be used for renting and as a new means of generating income.
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.