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Olive
Olive is a mother of 2 children who are ages 1 ½ and 4 years old. They are both not yet in school. She sells foodstuffs, such as sorghum, beans and coffee, and she works with her husband. She has run this business for 5 years and it has enabled her to meet her family needs. She is requesting a loan to buy more foodstuffs and hence expand her business. With the profits and with her savings, she plans to renovate her house.

Additional Information

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.

About Rwanda

  • $1,700
    Average annual income
  • 48
    View loans »
    Rwanda Loans Fundraising
  • $15,329,275
    Funds lent in using Kiva
  • 592.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Olive to buy foodstuffs.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2011
Listed
May 18, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2011