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Clemence
Clemence is 30 years old. She sells different items in her boutique in which foodstuffs dominate any other items. She has been running the business for the past 10 years. With the loan, she wants to buy more beans, potatoes and sweet potatoes for resale. She plans to renovate the house from the profits that will be obtained from the business.

Additional Information

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.

About Rwanda

  • $1,000
    Average annual income
  • 29
    View loans »
    Rwanda Loans Fundraising
  • $13,326,100
    Funds lent in using Kiva
  • 633.5
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Clemence to buy more beans, potatoes and sweet potatoes for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Feb 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013