Damas is 41 years old. He sells glue and leather, which are materials used for making shoes. With the loan, he will buy more glue and leather which are used to repair shoes.The profits from the business will be used to renovate his 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.