Slyvan is 52 years old. He has 7 children, who are between the ages of 2 and 28 years old. His wife sells foodstuffs in the market.
Slyvan has a hardware shop. His stock includes spare bicycle and motorcycle parts. He has done this business for 15 years and everything is going well. This business has enabled him to pay school fees for his children and to make some savings. He is requesting a loan to buy more spare parts in order to increase his profits. He plans to save the additional profits and buy a motorcycle in the future.
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.