Jacqueline is 32 years old. She is married with two children who are twelve and fourteen years old. All her children attend school along with her other two other dependents. Her husband works as a motor vehicle mechanic. Jacqueline sells spare parts for various types of motor vehicles. She has been in this business for six years. From her business she says that she was able to do a lot of things like building a house and buying a car, and that all these tangible assets resulted from her business. Jacqueline has requested this loan to buy more spare parts to sell. She will use the profits that she expects to gain to reinvest in her business for its growth. She dreams of starting to import spare parts, which might yield preferable prices, 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.