Justine owns a business that sells rice, sugar, cooking oil, soaps and salt. She is 44 years old, married and has seven children who are between six and eighteen years old and three other dependents. All of them attend school. Her husband has no defined job.
Justine has been selling rice, sugar, cooking oil, soaps, and salt for 16 years. Her loan will be used to buy more of these items to sell. She hopes to use the new profits from her business to build a house for her store, as she is tired of renting and she wishes to own a permanent site for her business. This is her plan for 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.