Claudine is 30 years old. She has 4 children between 2 and 9 years old. She owns a shop in which she sells cooking oil, sugar, salt and rice. She has been running this business for 7 years and her business is doing well. This business has enabled her to pay for her children’s schooling as well as feed her family. Claudine is requesting a loan to buy more items to sell in her shop, such as sugar, salt, cooking oil, etc. With the profits generated, she plans to renovate her house.
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.