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Stephanie
Stephanie is a widow who is 42 years old. She has two children who are 8 and 22 years old. Only the youngest attends school. She has spent seven years in business operating a boutique where she sells assorted products such as soaps, sugar, cooking oil, and rice. With the loan, she plans to buy more sugar and cooking oil to sell. Stephanie will use the profits for buying a plot of land.

Additional Information

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.

About Rwanda

  • $1,000
    Average annual income
  • 59
    View loans »
    Rwanda Loans Fundraising
  • $12,393,100
    Funds lent in using Kiva
  • 595.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Stephanie to buy more soaps, sugar, cooking oil, and rice to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2012
Listed
Feb 28, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 19, 2012