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Update on Rose

Rose is 33 years old. She sells beer and has been in the business for the past six years. With the loan, she wants to buy more beer for sale. The profits from the business will be used to renovate the house.

Previous Loan Details

Rose is 33 years old. She sells both soft and alcoholic drinks. She has been running her business for five years. She wants a loan to buy more local brews that are most wanted by her clients. The profits from the business are meant for savings as well as for providing food for the family. More from Rose's previous loan »

Additional Information

About Urwego Opportunity Bank of Rwanda (UOB)

Urwego Opportunity Bank (UOB) helps underserved Rwandans by providing its clients with the necessary credit and savings capabilities required for economic transformation. It offers credit products, including group and individual loans, as well as training in business development, financial literacy and health management. UOB loan products leverage social collateral since most group members have little to no collateral.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Rwanda

  • $1,700
    Average annual income
  • 3
    View loans »
    Rwanda Loans Fundraising
  • $15,580,500
    Funds lent in using Kiva
  • 640.9
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Rose to buy more local brews for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 29, 2013
May 29, 2013
Currency Exchange Loss:
Sep 17, 2013
This photo was used before for a previous loan for Rose. It was first posted on Kiva on Jan, 2013. Learn More