Josephine is 27 and is married to a house builder. She has 2 children aged 1 and 7. The elder child is currently in school. She owns a store where she sells cooking oil, rice, bananas, potatoes, spices, and personal items. She has been running this shop for 2 years and would like a loan to expand the variety of goods she sells. Her business has helped her to support her family. She would like to use the profits from this loan to reinvest in her business and create some savings for 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.