Evariste is 50 years old and has nine children who range in age from 3 to 22. All of them are in school. He earns a living by selling charcoal in a shop he has run for the last 25 years. He is applying for this loan to buy more sand and stones to make into bricks to sell to his customers. Evariste plans to use the profits made possible by this loan to plant trees which he will use in the future. His goal is to double his profit in the coming years.
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.