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.
About Urwego Opportunity Bank of Rwanda (UOB)
Urwego 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.