Update on JaneJane is 30-year-old, married woman. She is married to a businessman.
To earn a living, Jane owns and operates a restaurant, which she has been running for 15 years.
She is requesting this loan to add more foodstuffs for resale purposes and to purchase equipment for her restaurant. With the profits she expects as a result of the loan, she would like to construct a house because she is tired of renting. In the future, she would like to establish a supermarket.
Previous Loan DetailsJane is a mother of 2 children who are 3 and 4 years old. She is 30 years old. Her husband sells foodstuffs. Jane owns a restaurant which she has been running for the past 14 years. With the profits from her restaurant, she pays her children’s school fees and built a small family house. Jan... More from Jane's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid