Rachel is 26, married, and has two children, ages 2 and 4. Her husband is a motorcycle taxi driver.
For the past 3.5 years, Rachel has owned a shop where she sells household goods and food. With this loan, she will be purchasing additional rice, oil, sugar and drinks to sell. Since opening her business, Rachel has been able to buy her own home. She hopes to reinvest any profits she sees from this loan in growing 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.