Mohamed is 35 years old. He is married. He has spent seven years running his business selling rice, sugar and beans. With the loan, he wants to buy more sugar, rice and beans to sell. The profits from the business will be used to pay for the rent on the house he uses for the business. He wants the business to prosper 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.