Triphine sells charcoal and she has been doing this business for a period of seventeen years. Triphine is 40 years old, married to a driver, and has four children, including twins, who are between ten and fifteen years old, and two other dependents she cares for. All her children go to school. She would need to get this new loan to buy more charcoal to sell. After loan repayments, with the profits that will be obtained, she plans to repair and renovate her house. She dreams of having two stocks of charcoal in years to come.
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.