Francoise, 53, is a mother of four children. All of them go to school. She sells shoes, both used and newly-made shoes. She has spent five years in the business. With the loan, she wants to add more different kinds of shoes for sale. She plans to use the profits for paying her children’s school expenses.
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.