Velonique is 30 years old, and married to a mechanic. They have three children between three and eight years old. Velonique sells various items such as salt, cooking oil, and soap. She has been in this business for one year.She has requested this loan in order to add more items to her business. She will use the profits to reinvest in her business for its continued growth.
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.