Theophile is 23 years old. He rides a motorbike as a means of providing transport to others. He has been riding bikes for five years. With the loan, he will make repairs on the motorbike in order to get better earnings for the future. He plans to buy a plot of land from the profits he will gain from the business.
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.