Virginie is 30 years old, married and has two children who are eighteen and twenty-one years old. Currently, both children attend school. Virginie sells a wide variety of items such as rice, sugar, salt and many other foodstuffs, which she has done for 2 years. Her husband works as a spare parts dealer for motorbikes and cars.
Virginie will use the loan to purchase more items such as foodstuffs, soft drinks and other home products. With the new profits from her expanded business, Virginie plans to buy a plot of land where her commercial activities will be established. She dreams of having capital of two million 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.