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Annonciata
Annonciata is a 48-year-old Rwandan entrepreneur with three children between the ages of 20 and 26. All her children are in school and she is a widow. For the past four years, she has run a business selling foodstuffs and this enterprise has helped her feed her family. She requires this loan so she can purchase 100 kg of beans and sorghum that she will sell to make a profit. With her profits, she plans to accumulate savings that will allow her to provide for her family in the future.

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
  • 33
    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 Annonciata to buy foodstuffs for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2011
Listed
Jul 28, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011