Mohamed is 35 years old. He is married. He has spent seven years running his business selling rice, sugar and beans. With the loan, he wants to buy more sugar, rice and beans to sell. The profits from the business will be used to pay for the rent on the house he uses for the business. He wants the business to prosper 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.