This is Eugene, aged 34 years. He is married and has one child, aged six. Eugene runs a pharmacy and has been selling medicines for three years. With the loan, he wants to buy more medicines to sell in his pharmacy. The profits from the business will be used to provide food for the family.
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.