Batacoka is 38 years old. He is a father of four children between the ages of 9 and 12 years old. Only two attend school, as the others are still young. He runs a hair-cutting salon and has been in the business for five years. With the loan, he wants to buy more hair cutting equipment to use in the salon. The profits from the business will be used to provide food for the family.
About Urwego Opportunity Bank of Rwanda (UOB)
Urwego 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.