Vincent M. is 27 years old and married, and has a two-month old child. He slaughters goats and sells skewers of the grilled meat. He also sells a few foods, such as green bananas. In addition, he buys and sells cattle to merchants who sell them in the city. He has been in this business for 7 years. His wife is a tailor but she does not work at a moment due to a lack of capital. She is currently helping her husband with his different businesses. He would like to have a loan to increase the number of animals he butchers and sells, in addition to growing more bananas. With the profits, he hopes to renovate his house.
About the Bank:
Urwego Opportunity Bank (UOB) is a public limited company established to provide financial services as a ladder of opportunity to the poor and small entrepreneurs for whom access to formal financial capital is currently limited. UOB's vision is to be a sustainable financial institution achieving significant economic, social and spiritual transformational impact on the underprivileged of Rwanda through a variety of products and related training in a way that reflects the love of Jesus Christ.
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.