Damascene is 43 years old. He is a father of four children and they all go to school. His wife is a businesswoman and he has been in his business for 13 years. With the loan, he wants to add more types of shoes for sale. The profits from the business will be used to pay the children’s school fees.
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.