Theodosie is 30 years old, married and has two children who are three and five. Both her children attend school. Theodosie sells grocery items such as sugar, maize flour, and rice, which she has done for nine years. Her husband is a soldier.
Theodosie will use the loan to add more merchandise such as sugar, maize flour, and rice. With the new profits from her expanded business, Theodosie plans to build a house and rent that house out to generate more revenue 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.