Faustin is 37 years old. He is married with three children aged between 3 and 11. Two of them attend school. Faustin owns a convenience store which he has been running for the past four years. With the loan, he will buy more rice, sugar, cooking oil, and other food items for sale. He plans to use the profits to reinvest in the 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.