Elina is 43 years old and single. She sells timber furniture such as chairs, cupboards, etc. She has doing so for seven years and her business is going well. Elina is requesting a loan to buy more timber to make more furniture and increase her profits. She has bought a piece of land on which she hopes to build a family house in the future. She plans to pay her house rent with the profits she plans to make.
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.