Pascaline, a 24-year-old single woman with no children, sells new clothes, purchasing her products from Kampala in neighbouring Uganda and reselling them at home at slightly higher prices. This business has so far enabled her to renovate her house and help support some of her relatives. Pascaline is requesting a loan to buy more clothes to make additional profits with which she plans to open up a hair salon.
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.