Theoneste is 34 years old with one child of 10 months. His wife is a farmer.
He has spent four years in his business. With the loan, he wants to buy more beans, rice, groundnuts, potatoes, and cooking oil. The profits from the business will be used to reconstruct his house. And he would like to expand his business to the extent of being a wholesaler.
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.