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Gilbert
Gilbert is 30 years old. He is single, and enrolled at a private, higher institution. His studies are expected to end in 2014. He has no alternative to pay for his tuition fees. He has requested a Kiva loan to pay for his tuition, since he can’t sit for exams without paying the tuition. After graduation, good opportunities are ahead of him, so he is confident he will be able to repay the loan, help the entire family, and the development of the nation, as well.

Additional Information

More information about this loan

This loan is part of Urwego Opportunity Bank's effort to finance primary and secondary school fees for families wishing to educate their children, but who lack the cash to pay tuition up front. It is provided at a lower rate than UOB's normal individual loans, with a 1.18% fee at 18% interest on a declining balance. By funding this loan you are having a family send their childen to school.

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
  • 45
    View loans »
    Rwanda Loans Fundraising
  • $16,941,150
    Funds lent in using Kiva
  • 680.5
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Gilbert to pay the tuition fees for his studies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2014
Listed
Jun 2, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 20, 2015