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Josephine
Josephine is 27 years old. She is married with one child aged two. She owns sewing machines as her business and she has been a tailor for the past eight years.

With the loan, she wants to buy more sewing machines to increase the quality and quantity of what she produces. The profits from the business will be used to pay for her child’s school fees.

Additional Information

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.

Tags

About Rwanda

  • $1,700
    Average annual income
  • 36
    View loans »
    Rwanda Loans Fundraising
  • $14,382,325
    Funds lent in using Kiva
  • 678.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Josephine to buy extra sewing machines for use at her shop.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2014
Listed
Jul 2, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015