Damas is 41 years old. He sells glue and leather, which are materials used for making shoes. With the loan, he will buy more glue and leather which are used to repair shoes.The profits from the business will be used to renovate his house.
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.