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Update on Seraphine

Seraphine is 32 years old. She sells clothes of different styles for kids, ladies and gents. She is married to a businessman and they have one child aged five. She wants the loan to buy more children's clothes to sell. The profits from the business will be used to reinvest in the business to build a better future business.

Previous Loan Details

Seraphine is 32 years old. She is married with one child, who is five years old. Her husband sells men shoes. She has been in business for two years, selling children's clothing. She is requesting a loan to buy more children's clothing to resell. With the profit, she will pay her child’s ... More from Seraphine'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 eonomic 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
  • 12
    View loans »
    Rwanda Loans Fundraising
  • $15,423,225
    Funds lent in using Kiva
  • 650.5
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Seraphine to buy more children's clothing for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
May 26, 2013
Jun 30, 2013
Currency Exchange Loss:
Oct 17, 2013
This photo was used before for a previous loan for Seraphine. It was first posted on Kiva on Feb, 2013. Learn More