Virginie is 30 years old, married and has two children who are eighteen and twenty-one years old. Currently, both children attend school. Virginie sells a wide variety of items such as rice, sugar, salt and many other foodstuffs, which she has done for 2 years. Her husband works as a spare parts dealer for motorbikes and cars.
Virginie will use the loan to purchase more items such as foodstuffs, soft drinks and other home products. With the new profits from her expanded business, Virginie plans to buy a plot of land where her commercial activities will be established. She dreams of having capital of two million 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.