Laurence owns a shop selling various items such as matches and candles and also owns a bar. She is 22 years old, married and has three children. The youngest is seven months old while the eldest is five years old. Her husband helps her run the business. Laurence has had a bar and store for two years.
This loan will be used to buy more cooking oil, soap, sugar and salt to sell. Laurence hopes to use the new profits from her business to pay school fees and buy animals for rearing. In the future, she wishes to expand her business.
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.