Gerardine is 38 years old, separated from her husband, and has three children and one orphan she cares for. Currently, three of her children attend school. Gerardine owns a beauty salon, which she has had for 13 years. She will use this loan to purchase hair products and cosmetics. With the new profits from her expanded business, Gerardine plans to expand her salon business and build another house to rent. She would also like to start a chicken farm 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 eonomic 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.