Check out some available loans that are similar to this one!

Update on Fausta

Fausta is 36 years old. She sells used shoes and has been in this business for four years. With the loan, she would like to buy more used shoes to sell. The profits from the business will be used to pay school fees for the children.

Previous Loan Details

Fausta is 35 years old. She is married with five children. The oldest is 12 and the youngest is 4. Her husband is a builder. Fausta has been in business for four years and wants the loan to buy more shoes. With the profit, she will feed her family. More from Fausta's previous loan »

Additional Information

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.

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
  • 9
    View loans »
    Rwanda Loans Fundraising
  • $15,423,225
    Funds lent in using Kiva
  • 648.5
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Fausta to buy more shoes to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 14, 2013
Jul 11, 2013
Currency Exchange Loss:
Jan 17, 2014
This photo was used before for a previous loan for Fausta. It was first posted on Kiva on Jan, 2013. Learn More