This borrower is a 41-year-old Rwandan entrepreneur with three children between 2 and 9 years old. The older two are in school, and her husband is a driver.
For the past seven years she has owned a general store selling various goods such as mineral water, sugar, and beans. This business has enabled her to feed her family and develop herself and her family’s standard of living.
She will use this loan to reinvest in her general store and buy various items such as rice and sugar.
With additional profits she will buy a piece of land.
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.