Francoise is 38 years old. She is married and has 7 children between the ages of 1 and 15. Six of her children are enrolled in school. Her husband works as a driver. Francoise sells food stuffs such as maize flour and rice, and has spent 10 years in this business.
With this loan, she will buy more sacks of maize flour and rice to sell. With the profit from this business she will increase the volume of sales. She says her business succeeds because her shop is very popular. In the future, she would like to have a standard business to the extent of becoming the supplier to others.
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.