Alphonsine is 23 years old. She is married and has two children who are two and five years old. She works together with her husband in the business. Alphonsine owns a boutique and bar. She has had this business for a period of five years.
She needs this loan to add more merchandise like lotions, cooking oil and battery cells in her business and she hopes to buy a plot of land and care for her family from the profit she makes. In the future, she would like to have a big retail shop.
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.