Filomene, aged 32, is married to a businessman. She sells foodstuffs and has been in the business for five years. With the loan, Filomene would like to buy beans, sorghum, cassava and plastic items, such as basins, to sell. The profits will be used to increase her savings.
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.