Seraphine owns a business that sells foodstuffs. She is 28 years old, married and has four children, who are aged between five and twelve years old. Her husband is in a similar business.
Seraphine has been selling foodstuffs for five years. Her loan will be used to buy more sorghum, beans and cassava to sell. She hopes to use the increased profits from her business to provide food for the family, pay school fees and renovate a house.
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.