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Valens
Valens is 40 years old. He owns a store where different beers are sold. With the loan, he wants to buy more beers and sodas to sell. The profits from the business will be used to renovate his house.

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.

About Rwanda

  • $1,000
    Average annual income
  • 36
    View loans »
    Rwanda Loans Fundraising
  • $13,303,700
    Funds lent in using Kiva
  • 650.4
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Valens to buy more beers and sodas to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 3, 2013
Listed
Jul 6, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013