Edouard is 49 years old. He is a father of nine children, seven of whom attend school. He owns a bar and has been in that business for 17 years. With the loan, he will buy more beers, mutzig (a type of beer) and sodas to sell. He plans to use the profits to expand his stock of beers to become a distributor in the future.
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.