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Faustin
Faustin is 25 years old, and his shop is called Amizero. He is single and very hardworking. Faustin owns a boutique in which he sells rice, flour, wheat and other foodstuffs. Faustin has done this business for 3 years, and it has enabled him buy his own motorcycle and a piece of land. He is requesting a loan in order to buy more foodstuffs and hence make more profits. Faustin plans to use his profits for his house construction.

Additional Information

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.

About Rwanda

  • $1,000
    Average annual income
  • 56
    View loans »
    Rwanda Loans Fundraising
  • $13,837,625
    Funds lent in using Kiva
  • 594.9
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Faustin buying foodstuffs for his shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2011
Listed
Feb 10, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011