Eugene is 26 years old, and he is single. He sells phone accessories, lotions and perfumes, and he has operated this business for five years. He has been able to afford to buy his own house because of this business. He is requesting a loan in order to reinvest in his business and will reinvest the profits he hopes to make.
About Urwego Opportunity Bank of Rwanda (UOB)
Urwego 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.