Safiya is 28 years old. She is married to an accountant who works for the bank. They have two children who are two and ten years old. Safiya owns a beauty salon and she has had this business for four years.
She has requested this loan to buy more shampoo, conditioner and hair care products. The expected profit from this business will be used for savings. Safiya says that her business has done achievable things like paying school fees for her children and also sustains her home needs.
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.