Triphine sells charcoal and she has been doing this business for a period of seventeen years. Triphine is 40 years old, married to a driver, and has four children, including twins, who are between ten and fifteen years old, and two other dependents she cares for. All her children go to school. She would need to get this new loan to buy more charcoal to sell. After loan repayments, with the profits that will be obtained, she plans to repair and renovate her house. She dreams of having two stocks of charcoal in years to come.
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.