Speciose is 35 years old. She is married, with three children aged between two and ten. She owns a boutique and has been in the business for the past seven years.
With the loan, she would like to buy more retail items to sell, such as lotions, soaps, sugar, and salt. She plans to use the profits to be obtained from the business for reinvestment in the same boutique business.
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.