Esther is 24 years old and has two children who are 3 and 5 years old. Her older child is enrolled in school. For the last six years, Esther has earned a living as a tailor. She is applying for this loan to buy the fabric she needs to make more clothing. She plans to use the additional profits made possible by this loan to buy more food for her family and to set aside some money as savings. In the future, she would like to go into business as a wholesaler.
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.