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Faustin
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.

Additional Information

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.

About Rwanda

  • $1,700
    Average annual income
  • 33
    View loans »
    Rwanda Loans Fundraising
  • $14,263,150
    Funds lent in using Kiva
  • 639.5
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Faustin to buy more beer and mineral water for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2013
Listed
May 8, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013