Claire is 31 years old and is married to a telephone company technician. She has two children, aged four and six. In her shop, Claire sells a variety of items such as rice, sugar, beans, beauty soaps and electricity. She has spent five years in this business. With this loan, she will buy more rice, sugar and beans to sell. She plans to save most of her profits. She says that her business is successful because she sells products that are in demand from customers. In the future, she would like to make a 60% return on investment.
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.