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Update on Rachel

Rachel is 35 years old. She is married, with three children between the ages of 6 and 16, all of whom attend school.

Rachel wants a loan to buy rice and cooking oil. She has been in business for the past 5 years. The profits from the business will be used for savings.

Previous Loan Details

Rachel is 35 years old. She is married with three children aged between 6 and 15 years. She sells sugar, salt, soap and cooking oil. The loan requested will be used to buy more sugar and cooking oil for sale. With the profits, she will put aside more savings. More from Rachel'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
  • 12
    View loans »
    Rwanda Loans Fundraising
  • $15,406,850
    Funds lent in using Kiva
  • 628.9
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Rachel to buy more rice and cooking oil to resell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 24, 2012
Nov 19, 2012
Currency Exchange Loss:
Mar 15, 2013