Joseph is 48 years old. He sells foodstuffs and has been in the business for the past five years. With the loan, he wants to buy more rice, sugar and cooking oil for sale. The profits from the business will be used to build a 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.