Faustin is 40 years old. He is the father of five children, all of whom go to school. He owns a bar where he sells barbecue and beer. With the loan, he will buy more beer and mineral water for sale in his bar. The profits from the business will be used to reinvest in his business.
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.