Josephine is 33 years old. She has four children who are between the ages of 7 and 11. Her husband is an electrician. Josephine owns a shop in which she sells several items, such as candles, matches, sugar, and drinks like tea and fresh milk. With this business, she has bought her own family house. She is requesting a loan to reinvest in her business. She plans to reinvest in her business with the profits she hopes to make.
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.