Jean is a 34-year-old Rwandan entrepreneur who sells new children’s and adult clothing. He has been running his business for 12 years and uses a car for his business which he has used part of his profit to pay for. His successful business has also allowed him to afford to build a house for his family. Jean is married with five children, two of whom he is supporting from another wife. The youngest is nine and the oldest is 13 years old.
Jean will combine the loan with his savings in order to buy another car for his business. He hopes to continue to grow his business so as to be able to pay the school fees for his children.
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.