Elina is 43 years old and single. She sells timber furniture such as chairs, cupboards, etc. She has doing so for seven years and her business is going well. Elina is requesting a loan to buy more timber to make more furniture and increase her profits. She has bought a piece of land on which she hopes to build a family house in the future. She plans to pay her house rent with the profits she plans to make.
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.