Israel is 42 years old. He is married to a farmer with nine children. All of them go to school. He sells different items such as soap, salt and cooking oil, a business which he has been running for the past 10 years. He has requested the loan to buy more similar items to add to the same business inventory. With the profits, he will pay school fees for the children.
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.