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Update on Clarisse

Clarisse is 26 years old. She sells meat from slaughtered cows. She has been in the business for 12 years. She wants the loan to buy more cows; from them, she'll get meat to sell. The profits from the business will be used to buy a house in which to live.

Previous Loan Details

Clarisse is twenty-five years old. She owns a butcher shop which she has been running for the past twelve years. With the loan she will buy more meat to sell. With the profits from the business, she plans to buy a house. More from Clarisse's previous loan »

Additional Information

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Rwanda

  • $1,700
    Average annual income
  • 9
    View loans »
    Rwanda Loans Fundraising
  • $15,423,225
    Funds lent in using Kiva
  • 613.7
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Clarisse to buy meat to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 28, 2012
Oct 5, 2012
Currency Exchange Loss:
May 17, 2013