Faustin, a 63-year-old whose children range in age from 25 to 18 years, is married to a farmer. In the business of selling liquor for four years, Faustin is requesting a loan to buy more alcohol to sell. The profit will go toward his savings.
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.