Felix is a 24-year-old Rwandan entrepreneur. He is not married and for the past five years has owned a general store selling rice, sugar, cooking oil, etc.
He will use this loan to purchase more goods to sell in his store so he can continue to generate more profits. In the future, he plans to build a house for himself and dreams of having a larger store.
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.