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Elise is a student at one of the private institutions for higher education. He has requested a Kiva loan to pay for his tuition. He expects to graduate by the end of this year (2014). He plans to use this chance to focus on the materials provided by his lecturers and by working on research projects so that he gets better grades. He expects to graduate with a degree in business administration.

Additional Information

More information about this loan

This loan is part of Urwego Opportunity Bank's efforts to finance college tuition for students wishing to pursue higher education, but whose families do not have enough cash to pay tuition up front. It is provided at a lower rate than UOB's normal individual loans, with a 1.18% fee at 18% interest on a declining balance. By funding this loan you are helping a student reach his or her goals.

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.


About Rwanda

  • $1,700
    Average annual income
  • 9
    View loans »
    Rwanda Loans Fundraising
  • $15,406,850
    Funds lent in using Kiva
  • 678.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Elise to pay for tuition fees at the university.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 26, 2014
Jun 23, 2014
Currency Exchange Loss:
Jan 19, 2015