Ruth is a Rwandan entrepreneur that owns a shop. She has been running it for two years and so far the profits from her successful business have allowed her to pay the school fees for her children.
Ruth is married to a beer salesman and together they have four children between the ages of 8 and 18 years old.
She will use this loan to buy a refrigerator, as well as rice, sugar, cooking oil, and soap that she can sell in her store.
She plans to use the future profits of her business to help with the purchase of a house.
Ruth hopes to expand her business so that it will be two times bigger, allowing her to continue to provide for herself and her family.
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.