Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:

Urwego Opportunity Bank (UOB) is a Rwandan bank specializing in microfinance. Since 1997, Urwego Opportunity Bank (Urwego) has been focused on their mission to achieve economic, social, and spiritual transformation in the lives of the underserved. Urwego helps its clients by providing the necessary credit and savings capabilities required for eonomic transformation. Additional financial services such as insurance, remittance and foreign exchange servcies are also offered. It offers credit products to individuals and groups interested in starting or expanding their businesses. To compliment these services, Urwego provides clients with training in business development, financial literacy and health management.

UOB reaches its clients through 36 outlets, branches and credit offices scattered throughout the country. 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 clients living in remote areas. 
A unique lending approach:
As of September 2012, UOB has impacted more than 42,000 clients bringing, its total loan portfolio to $16 million. About 90% of its credit clients are women and 75% live in rural areas.
The institution offers different types of loans, including community loans, solidarity group loans, micro business loans, agriculture loans, motorcycles loans and more -- all geared toward helping people improve their lives. Through these methods Urwego seeks to restore basic quality of life to underpriviledged individuals as well as restore relationships with the community, self, God and the rest of creation.
Urwego is able to reach both rural and urban populations with its 14 branches and 36 credit offices scattered throughout the country. Urwego’s primary loan product is the community/trust bank loan. This loan product leverages social collateral since most group members have little to no collateral. Group members typically operate small businesses and help one another investigate and execute new business ideas. As of August 2015, Urwego has about 38,000 active borrowers and over 320,000 savings accounts, bringing its gross loan portfolio to about $1.8 million. About 70% of Urwego’s borrowers are women and 72% live in rural areas.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 10, 2010 Oct 12, 2005
Total Loans $9,496,725 $732,639,600
Amount of raised Inactive loans $0 $308,450
Number of raised Inactive loans 0 233
Amount of Paying Back Loans $2,896,675 $135,087,750
Number of Paying Back Loans 1,297 155,855
Amount of Ended Loans $6,600,050 $597,243,400
Number of Ended Loans 6,816 740,549
Delinquency Rate 35.43% 9.55%
Amount in Arrears $855,709 $8,424,213
Outstanding Portfolio $2,415,363 $88,215,442
Number of Loans Delinquent 937 31,109
Default Rate 0.06% 1.17%
Amount of Ended Loans Defaulted $3,877 $6,983,576
Amount of Ended Loans $6,600,050 $597,243,400
Number of Ended Loans Defaulted 5 20,011
Currency Exchange Loss Rate 0.00% 0.29%
Amount of Currency Exchange Loss $3 $2,153,504
Refund Rate 0.35% 0.67%
Amount of Refunded Loans $33,525 $4,933,250
Number of Refunded Loans 50 5,439

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 67.50% 74.47%
Average Loan Size $482 $416
Average Individual Loan Size $873 $652
Average Group Loan Size $5,160 $1,849
Average number of borrowers per group 21.7 8
Average GDP per capita (PPP) in local country $1,700 $5,942
Average Loan Size / GDP per capita (PPP) 28.37% 7.00%
Average Time to Fund a Loan 4.95 days 6.47 days
Average Dollars Raised Per Day Per Loan $97.36 $64.24
  Average Loan Term 5.6 months 10.8 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 822 361,634
  Journaling Rate 10.44% 41.47%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.01 1.53

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 42% PY 31.00% PY 31.73% PY
  Profitability (return on assets) -1.4% -3.2% -0.77%
  Average Loan Size (% of per capita income) 57.00% 81.00% 19.33%

Country Fast Facts

Field Partner Staff

Peace Bureshyo
Jessica Igoma
Jessica Igoma
Emmanuel Mugandura
Germaine Mukamusana
Adelin Ngenzi
Rosemary Nyinawumuntu
Faustin Zihiga