Faida is 28 years old, married, and has two children who are five and seven years old. Both of her children attend school. Faida sells charcoal, which she has been doing for a period of seven years. Her husband works as a house builder.
Faida will use the new loan to purchase more charcoal to sell. With the new profits from her expanded business, Faida plans to set up a shop and continue to reinvest in the business of charcoal. In the future, she would wish to see all her children go further in their studies, assuming she will be able to pay school fees for them.
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.