Josephine is 32 years old, married and has four children. Currently, all four of her children go to school. Josephine sells soft drinks like sodas and tea, which she has been doing for 10 years and her husband is a TV technician.
Josephine will use the loan to increase the capacity of her business. With the new profits from her growing business, Josephine plans to reinvest in her soft drink sales to continue to grow her revenue.
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.