Floride is 66 years old and widowed. She owns a mini-supermarket where she sells various snacks and beverages.
With the loan, Floride will buy more snacks to sell. The profits from the business will be used to buy a cow to provide milk for the entire family for better feeding.
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.