Alphonse is 28 years old. He has two children between the age of 2 and 4. His wife works as a tailor and Alphonse sells fabrics. He has been working in this business for five years.
Alphonse requested this loan to add more fabrics of different kinds and types to his inventory. The profits will be used in making savings, paying school fees and providing food for the family.
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.