Pierre Claver, age 40, owns and operates a bar to earn an income. He has run his business for the past three years.
Pierre has requested a loan in order to buy more beer and soft drinks to offer for sale at his establishment. The increased profits expected from the loan investment will be used to reinvest in his business.
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.