Esperance, aged 41, is a widow. She has four children aged between 12 and 22; all of them are enrolled in school. She sells meat and supplies different hotels (small restaurants) around her. She has spent four years doing the same business.
She has requested the loan to upgrade her business in terms of an inventory increase. She will use the profits to reinvest in the same business. She would like to be a sole supplier of meat in the future.
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.