Clarisse is 23 years old and has earned a living selling foodstuffs for the last two years. She would like to improve her business, and is applying for this loan to buy more food items, such as sweet potatoes and bananas, to sell to her customers. She currently rents her business location, and plans to use the profits from this loan to buy a plot of land from which she can run her business.
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.