Esperance, aged 41, is a widow. She has four children aged between 12 and 22; all of them are enrolled in school. She sells meat and supplies different hotels (small restaurants) around her. She has spent four years doing the same business.
She has requested the loan to upgrade her business in terms of an inventory increase. She will use the profits to reinvest in the same business. She would like to be a sole supplier of meat 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.