Elias is a 43 year old Rwandan entrepreneur who is married. He has 3 children between the ages of 3 and 7. His wife sells clothing and all of his children are in school, apart from the youngest.
Elias runs a business selling second hand clothes and bedsheets. He began selling as a wholesaler but now sells in a retail facility. He will use this loan to purchase additional clothes and bedsheets that he will sell to meet the demands of his business.
With the profits from his business, Elias plans to renovate his house and provide food for his 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.