Mediatrice is 33 years old and has five children between the ages of 5 and 15. Currently all her school age children attend school. Mediatrice's husband works with her in their general store, which they have had for ten years. The business has allowed them to pay school fees and to buy a house for the family.
With this loan Mediatrice will purchase more stock, such as rice, sugar, bananas, potatoes, mineral water and other drinks. If she and her husband make any profits with this loan, they plan to build 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.