Eldephonse is 42 years old, and he has 4 children who are between the ages of 6 and 13 years. Eldephonse sells beans and sorghum and has done this business for 15 years. He is requesting a loan in order to buy more sorghum and beans in bulk so he can earn greater profits. With the savings, together with the profits, he plans to build himself a house.
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.