Stephanie is a widow who is 42 years old. She has two children who are 8 and 22 years old. Only the youngest attends school. She has spent seven years in business operating a boutique where she sells assorted products such as soaps, sugar, cooking oil, and rice. With the loan, she plans to buy more sugar and cooking oil to sell. Stephanie will use the profits for buying a plot of land.
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.