Jaqueline is a 31-year-old Rwandan entrepreneur with two children, ages 3 and 6 years old. Her husband works as a technician and she sells vegetables. She has run this business for the past seven years, and the profits it has generated have enabled her to feed her family. She requires a loan so she can purchase more vegetables such as tomatoes, peanuts, and onions, that she will sell for a profit. With the future profits from her business, she plans to pay for her children’s school fees and accumulate savings.
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.