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Update on Beatrice

Beatrice is 35 years old. She is a mother of seven children. Her husband works as a businessman.

Beatrice sells skirts, shirts and dresses. She has initiated another business in addition to the existing one and she is now involved in selling different types of clothes.

With the loan, she wants to add more shirts and skirts for sale. The profits from the business will be used to pay school fees for her children.

Previous Loan Details

Beatrice is married to a businessman; they have seven children aged between one and sixteen. She sells milk, and is planning to get a loan for buying a cooler for milk storage. She plans to use the profits for paying school fees for the children. More from Beatrice'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
  • 3
    View loans »
    Rwanda Loans Fundraising
  • $15,580,500
    Funds lent in using Kiva
  • 631.3
    Rwanda Francs (RWF) = $1 USD