Pascaline, a 24-year-old single woman with no children, sells new clothes, purchasing her products from Kampala in neighbouring Uganda and reselling them at home at slightly higher prices. This business has so far enabled her to renovate her house and help support some of her relatives. Pascaline is requesting a loan to buy more clothes to make additional profits with which she plans to open up a hair salon.
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.