Verene is 42 years-old. She is the mother of six children; all go to school. She has been in the business of selling beans and sorghum for the past 12 years. With the loan, she wants to buy more beans and sorghum to sell because she believes that most of her customers demand more of the items she sells. She plans to use the profits to pay the school fees for the children.
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.