Samuel owns a shop which has a variety of items such as sugar, lotions, salt, soap, and beans. He has had this business for three years. Samuel is 39 years old and married with one child who is three years old. Samuel will use this loan to buy more merchandise to sell. The profits from his expanded business will be used to reinvest in the business for its growth. He hopes to be a businessman with a leading shop in the future.
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.