Claudine owns a business selling fish and palm oil. She has been in this business for eight years. She is 35 years old, married, and has three children who are between seven and fourteen years old. Her husband is a mechanic.
Claudine will use her loan to buy more fish to sell. She hopes to use the new profits from her business to continue to grow her business. Claudine says that she started out small but she has grown and even managed to build a house from the profits of her trade. She dreams of being a wholesaler in the future.
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.