Beatrice is 35years old, married to a driver and has 4 children. Beatrice has a shop where she sells beans, and she also has a furnace for making bricks. A furnace is used to dry bricks so that they can be used to construct firm houses. And, the better you equip the furnace, the better quality bricks it makes! Beatrice has had these businesses for 6 years.
Beatrice is requesting a loan in order to reinvest in her businesses,she will buy beans and equip her furnace. With the profits, Beatrice plans to buy a plot of land on which to grow some crops.
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.