Rachel is a 25-year-old Rwandan entrepreneur. She is single and for the past two years has owned a restaurant. This successful business has helped her support herself and her extended family, especially her mother.
She will use this loan to purchase more foodstuffs that will supply her restaurant. She plans to continue to run her restaurant and earn enough profits that will allow her to accumulate savings.
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.