Esperance, a 41-year-old mother of one, is married to a businessman; she has operated a mini-market for the past year. With this loan, Esperance would like to buy milk, Fanta, juice, cakes and bread to sell and expand her business. The profits will increase her capital and be reinvested in her enterprise.
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.