Rayira is 50 years old. She is married and has eight children between the ages of 10 and 30. Her children go to school. Her husband is not employed. Rayira sells clothes. She has spent forty years in this business. With this loan she will buy more clothes to sell. With profits generated from this business, Rayira will provide for her family and reinvest some. Her business is successful because she sells at a reasonable price. In the future, she would like to own a commercial building.
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.