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Elias
Elias is a 43 year old Rwandan entrepreneur who is married. He has 3 children between the ages of 3 and 7. His wife sells clothing and all of his children are in school, apart from the youngest.

Elias runs a business selling second hand clothes and bedsheets. He began selling as a wholesaler but now sells in a retail facility. He will use this loan to purchase additional clothes and bedsheets that he will sell to meet the demands of his business.

With the profits from his business, Elias plans to renovate his house and provide food for his family

Additional Information

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.

About Rwanda

  • $1,000
    Average annual income
  • 44
    View loans »
    Rwanda Loans Fundraising
  • $13,837,625
    Funds lent in using Kiva
  • 593.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Elias to purchase clothes and bed sheets to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2011
Listed
Jul 19, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011