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Marie Louise

Update on Marie Louise

Marie Louise is 30 and married with three children, 2 to 12, and all are enrolled in schools. She sells clothes and has been in the business for the past three years. With the loan, Marie Louise would like to buy more clothes for sale. She plans to use the profits for paying school fees for her children.

Previous Loan Details

Marie Louise is 30 years old. She is married with three children. The oldest is 11 and the youngest is two and a half. Her husband is a motorcyclist. She has been in business for three years as a tailor. She wants a loan to buy a needed sewing machine and other needed materials to operate her… More from Marie Louise's previous loan »

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.

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.

Tags

About Rwanda

  • $1,000
    Average annual income
  • 46
    View loans »
    Rwanda Loans Fundraising
  • $11,760,875
    Funds lent in using Kiva
  • 650.5
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Marie Louise to buy more clothes for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2013
Listed
Jun 29, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Marie Louise. It was first posted on Kiva on Feb, 2013. Learn More