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Olive
Olive is 25 years old. She has two children who are ages 2 and 6. Her husband sells foodstuffs. Olive sells second-hand clothes, and she has been doing this business for two years. From this business, she has managed to buy a piece a land for which she plans to build a house for her family. She is requesting a loan to buy clothes to sell in order to make more profits. With the profits she hopes to make, she plans to begin construction of her family 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

  • $1,000
    Average annual income
  • 28
    View loans »
    Rwanda Loans Fundraising
  • $13,754,400
    Funds lent in using Kiva
  • 592.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Olive to buy clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 5, 2011
Listed
May 30, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011