Olive is married to a businessman. She has 7 children who are between 6 months and 18 years old. Four of them attend school. Olive is aged 38. She sells vegetables and has spent 5 years in this business. Olive is requesting this loan to buy more vegetables for sale. She will make savings and pay school fees from the profits that she hopes to make from the business. She would like to have a expanded her business to the scale of 10 million RWF of capital.
About Urwego Opportunity Bank of Rwanda (UOB)
Urwego 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.