Emmanuel is 49 years old. He is married with five children who all go to school. He sells sorghum and owns a meal milling machine where the neighborhood brings their cereals to get flour from sorghum and maize. With the loan, he wants to buy an engine for his meal milling machine. The profits from the business will be used to pay school fees for the children and renovate the house.
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.