Velonique is 30 years old, and married to a mechanic. They have three children between three and eight years old. Velonique sells various items such as salt, cooking oil, and soap. She has been in this business for one year.She has requested this loan in order to add more items to her business. She will use the profits to reinvest in her business for its continued growth.
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.