Velonique is 54 years old. She has four children who are between 26 and 39 years old. All her children attend school. Her husband works as a technician at the national sewage company. Velonique sells charcoal and she has had this business for three years.
She has requested this loan to buy more sacks of charcoal to sell. She believes that her business has allowed her to cover most of her basic needs and the neighbors have significantly benefited from her business. The profit from this business will be used to help her to raise the tuition fee for her children to complete university studies. She hopes to make a continuous profit in the future.
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.