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Velonique
Velonique is 30 years old, and married to a mechanic. They have three children between three and eight years old. Velonique sells various items such as salt, cooking oil, and soap. She has been in this business for one year.She has requested this loan in order to add more items to her business. She will use the profits to reinvest in her business for its continued growth.

Additional Information

About Urwego Opportunity Bank of Rwanda (UOB)

Urwego Opportunity Bank (UOB) helps underserved Rwandans by providing its clients with the necessary credit and savings capabilities required for economic transformation. It offers credit products, including group and individual loans, as well as training in business development, financial literacy and health management. UOB loan products leverage social collateral since most group members have little to no collateral.

About Rwanda

  • $1,700
    Average annual income
  • 38
    View loans »
    Rwanda Loans Fundraising
  • $16,926,975
    Funds lent in using Kiva
  • 592.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Velonique to buy salt, cooking oil and soap to resell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2011
Listed
Feb 14, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011