Mediatrice is 33 years old and has five children between the ages of 5 and 15. Currently all her school age children attend school. Mediatrice's husband works with her in their general store, which they have had for ten years. The business has allowed them to pay school fees and to buy a house for the family.
With this loan Mediatrice will purchase more stock, such as rice, sugar, bananas, potatoes, mineral water and other drinks. If she and her husband make any profits with this loan, they plan to build 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.