Nayima is 27 years old and married with one child who is currently attending school. For the past five years, Nayima has been selling products such as shampoo, hair relaxer, and hair conditioners. Her husband works with Nayima in a hair salon.
Nayima is requesting a loan to purchase more beauty products for the salon. With the profits from expanding her business, Nayima plans to renovate her house and, in the future, she would like to own a studio.
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.