Alphonsine is 34 years old. She is a widow and has two children who are between two and six years old. Alphonsine has one dependent whom she cares and all her two children and one dependent are enrolled in school. Alphonsine sells vegetables and she has had this business for ten years. She says that her business was successful in that she gained a house from this business. With this new loan, she will buy more vegetables to sell. She said that with the new profits from her business she will establish a shop stocked with various items. In the future, she wishes to have a nice place compared to what she has currently.
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.