Update on JosephaJosepha is 29. She is married with three children. She sells foodstuffs and has spent eight years in the business. With the loan, she would like to buy more corn flour, soaps and salt for sale. The profits from the business will be used for renovating her house. She was very happy about her previous loan and she bought a lot of corn flour which she then sold and boosted her business.
Previous Loan DetailsJosepha is a 28-year-old, married Rwandan entrepreneur. She has 3 children, who are between the ages of 4 and 8. All of her children are in school, while she and her husband run a business together. For the past 4 years, she has operated a general store, where she sells soaps, beans, salt, and ... More from Josepha's previous loan »
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.
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Success!! The loan was 100% repaid