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Joel
Joel is 41 years old. He is a father of one child. He runs a barber shop and has been in the business for the past eight years. With the loan, he would like to buy more hair clipper machines for his salon. The profits from the business are expected to be reinvested in the same business.

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
  • 24
    View loans »
    Rwanda Loans Fundraising
  • $11,741,025
    Funds lent in using Kiva
  • 671.1
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Joel to buy more hair clippers for use in his salon.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2013
Listed
Nov 10, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014