Wellars is 52 years old. He sells bananas and sorghum, which he has been doing for 15 years. Wellars is requesting a loan, which he will use to buy more bananas and sorghum. The profits from the business will be used to pay school fees.
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.