Russie owns a little shop selling various consumable items. Russie is 40 years old, married, and has two children, aged four and eight. Both her children are enrolled in school.
Russie sells consumables such as sugar, maize flour, rice and many more, which she has been doing for two years. Her husband is a driver. Russie will use the loan to increase the capacity of her business through adding new products to her inventory. With the new profits from her expanded business, Russie plans to further upgrade her business to offer better services to her customers. She would like to have a wholesale shop 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.