Abudalahim is 55 years old. He is married and has four children between the ages of 14 and 20. Two of his children go to school. Abudalahim is a tailor and his wife works as a knitter. He has had this business for 30 years.
With this loan, he will buy more fabric to make various items of clothing, which he will sell. With the profit, he will renovate his house. He says that his business is successful because he knows how to tailor ladies' dresses well. In the future, he would like to export his tailored clothes to neighboring countries.
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.