Laurence owns a shop selling various items such as matches and candles and also owns a bar. She is 22 years old, married and has three children. The youngest is seven months old while the eldest is five years old. Her husband helps her run the business. Laurence has had a bar and store for two years.
This loan will be used to buy more cooking oil, soap, sugar and salt to sell. Laurence hopes to use the new profits from her business to pay school fees and buy animals for rearing. In the future, she wishes to expand her business.
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.