Febronie is 30 years old and a mother of three children. She owns a restaurant and has spent one year in this business. With the loan, she wants to buy more foodstuffs for use in the restaurant. She plans to use the profits for reinvesting in the same business, as she has a vision of opening another restaurant which will offer the same services.
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.