Beatrice is 35years old, married to a driver and has 4 children. Beatrice has a shop where she sells beans, and she also has a furnace for making bricks. A furnace is used to dry bricks so that they can be used to construct firm houses. And, the better you equip the furnace, the better quality bricks it makes! Beatrice has had these businesses for 6 years.
Beatrice is requesting a loan in order to reinvest in her businesses,she will buy beans and equip her furnace. With the profits, Beatrice plans to buy a plot of land on which to grow some crops.
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.