Felix is 40 years old. He is married to a businesswoman. They have three children together and all the children attend school. He owns a hardware store, and has been selling construction materials for 10 years. With the loan, he wants to add more construction materials to sell. The profits from the business will be used to provide food for the family.
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.