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Alphonse
Alphonse is 58 years old. He is married to a businesswoman. They both sell clothes. Alphonse sells fabrics and has been selling fabrics for 12 years. With the loan, he wants to add more fabrics for sale. The profits from the business will be used to put aside more savings.

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
  • 106
    View loans »
    Rwanda Loans Fundraising
  • $12,654,950
    Funds lent in using Kiva
  • 633.8
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Alphonse to buy more clothes for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2013
Listed
Feb 28, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013