Josephine is married and has one child. She sells various items in her general store. With the loan, she wants to add larger quantities of items to her inventory, such as salt, soaps and cooking oil. The profits from the business will be used for buying a plot of land.
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.