Alphonsine is 52 years old. She is married and has seven children between the ages of 17 and 30. Only the youngest go to school; the others have completed their studies. With the loan, Alphonsine will buy more beans, peas, peanuts, and soya for resale. The profits from the business will be used to renovate her house.
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.