Alice is 37 years old, married, and has six children who are between the ages of 6-15 years old. All her children are in school. Alice and her husband are grateful to be able to pay their children’s school fees and medical insurance.
Alice sells various products such as biscuits, brooms, shopping buckets and basins. She buys her goods at the cheapest price in the city and therefore sells it at a reasonable price which increases her clientele. She hopes to work hard and have a branch in the city where she hopes to make more profit. Alice is asking for a loan to increase her inventory in order to make more profit.
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.