Vincent has a three-year-old child. He is married to a woman who works as a farmer. He runs a store that sells shoes, clothes, scholastic material, and school bags. He has run this shop for the last seven years. Vincent needs a loan to buy more goods during the rainy season when prices are low to capitalize on the profits when business picks up. With the profits, he would like to pay his child's school fees and expand his business.
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.