Floride is 55 years old. She sells foodstuffs and has been in the business for the past four years.
With the loan, she would like to buy more foodstuffs, such as sorghum, for resale.
The profits from the business will be used to buy more sorghum for sale and to reinvest in the business for a better 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 eonomic 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.