Verene is 42 years-old. She is the mother of six children; all go to school. She has been in the business of selling beans and sorghum for the past 12 years. With the loan, she wants to buy more beans and sorghum to sell because she believes that most of her customers demand more of the items she sells. She plans to use the profits to pay the school fees for the children.
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.