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Update on Denise

Denise is 33 years old. She is married and has six children. Only four are enrolled in school. She sells sugar, rice and cooking oil. With this loan, she wants to add more rice and cooking oil to sell. The profits from the business will be used to pay school fees for her children. She is very happy with her previous loan, which allowed her to pay for her children’s school fees, so that last year none of her children were chased out of class.

Previous Loan Details

Denise is 32 years old. She is married with six children, four of whom are enrolled in schools. She sells sugar and cooking oil and has been in this business for the past 5 years. With the loan requested, she will add more sugar and cooking oil to sell. With the profits, she will pay school fees ... More from Denise's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Rwanda

  • $1,700
    Average annual income
  • 48
    View loans »
    Rwanda Loans Fundraising
  • $16,932,450
    Funds lent in using Kiva
  • 634.5
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Denise to buy more rice and cooking oil to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Feb 12, 2013
Mar 13, 2013
Currency Exchange Loss:
Jul 19, 2013
This photo was used before for a previous loan for Denise. It was first posted on Kiva on Jun, 2012. Learn More