Fatuma is 32 years old, married and has two children. Currently, two of her children attend school. Her husband is a driver. Fatuma sells cooking oil, rice, salt, fish and vegetables, which she has done for three years. Fatuma will use the loan to add more items for sale. With the new profits from her expanded business, Fatuma hopes to buy a house.
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.