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Update on Riziki

Riziki is 52 years old. She is a widow with 11 children. The oldest is 32 and the youngest is 20. She has been in business for seven years. She wants a loan to buy more goods such as rice and sugar for her retail store. The profits will go toward her savings.

Previous Loan Details

Riziki is 51 years old. She is a widow with 11 children aged between 19 and 31. Only the youngest goes to school. She sells rice and sugar and has spent six years in the business. She wants this loan to buy more sugar, rice and maize flour for resale. The profits from the business will be used to... More from Riziki's previous loan »

Additional Information

About Urwego Opportunity Bank of Rwanda (UOB)

Urwego Opportunity Bank (UOB) helps underserved Rwandans by providing its clients with the necessary credit and savings capabilities required for economic transformation. It offers credit products, including group and individual loans, as well as training in business development, financial literacy and health management. UOB loan products leverage social collateral since most group members have little to no collateral.

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
  • 16
    View loans »
    Rwanda Loans Fundraising
  • $15,580,500
    Funds lent in using Kiva
  • 631.2
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Riziki to buy more sugar and rice to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Jan 17, 2013
Currency Exchange Loss:
May 17, 2013