Jean is a 34-year-old Rwandan entrepreneur who sells new children’s and adult clothing. He has been running his business for 12 years and uses a car for his business which he has used part of his profit to pay for. His successful business has also allowed him to afford to build a house for his family. Jean is married with five children, two of whom he is supporting from another wife. The youngest is nine and the oldest is 13 years old.
Jean will combine the loan with his savings in order to buy another car for his business. He hopes to continue to grow his business so as to be able to pay the school fees for his children.
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.