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Sep 25, 2016 5:06 EST

Rwanda: Valerie – A loan of $1,250 helps to buy more timber to sell.

iCrowdNewswire - Sep 25, 2016

Valerie

Rwanda
 
Rwanda / Timber Sales
 
Borrower image
 

Valerie’s story

Valerie is a 33-year-old mother. She is married with 3 children, ages 3 to 11 years. Two of the children go to school. Valerie sells timber, and she has been involved in this business for the past 2 years. With this loan, she would like to buy more timber to sell. The profits from the business will be used to pay for her children to go to school. 

This loan is special because:

It provides training, savings accounts and loans to Rwandan entrepreneurs unserved by the formal banking sector. 

Elizabeth Davidson
Kiva staff

More about this loan

This loan serves individual entrepreneurs whose businesses have grown beyond the capacity of the group loan model. Most of these entrepreneurs have well-established businesses but are unable to access credit through the formal banking sector to grow their businesses further. By support this loan, you’re providing these entrepreneurs with valuable business and household finance management training and access to savings accounts.

About Urwego Opportunity Bank:

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.

A loan of $1,250 helps to buy more timber to sell.

Contact Information:

Valerie

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