Ruth is a Rwandan entrepreneur that owns a shop. She has been running it for two years and so far the profits from her successful business have allowed her to pay the school fees for her children.
Ruth is married to a beer salesman and together they have four children between the ages of 8 and 18 years old.
She will use this loan to buy a refrigerator, as well as rice, sugar, cooking oil, and soap that she can sell in her store.
She plans to use the future profits of her business to help with the purchase of a house.
Ruth hopes to expand her business so that it will be two times bigger, allowing her to continue to provide for herself and her family.
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.