Vincent has a three-year-old child. He is married to a woman who works as a farmer. He runs a store that sells shoes, clothes, scholastic material, and school bags. He has run this shop for the last seven years. Vincent needs a loan to buy more goods during the rainy season when prices are low to capitalize on the profits when business picks up. With the profits, he would like to pay his child's school fees and expand his business.
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.