Jean Damascene is 41 years old and the father of two children who both go to school.
He has been running a boutique for the past eight years. With the loan he will buy more items to sell in the boutique like rice, soaps and sugar. With the profits from the business, he will pay school fees for his children and make savings.
He would love to expand his business in the future.
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.