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Mary
Mary is a 31-year-old Rwandan entrepreneur. She has five children between the ages of 13 months and 10 years. All are in school but the youngest. For the past four years, Mary and her husband have been running a business selling secondhand shoes. This business has helped them meet the needs of their family. Mary needs this loan to buy more shoes to make more profit. With the profit, she will pay for her children’s school fees. This loan will help Mary expand her business in the future and continue to provide for her 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

  • $1,700
    Average annual income
  • 38
    View loans »
    Rwanda Loans Fundraising
  • $14,314,275
    Funds lent in using Kiva
  • 593.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Mary to purchase more secondhand shoes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2011
Listed
Jul 23, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012