Mary is a 31-year-old Rwandan entrepreneur. She has five children between the ages of 13 months and 10 years. All are in school but the youngest. For the past four years, Mary and her husband have been running a business selling secondhand shoes. This business has helped them meet the needs of their family. Mary needs this loan to buy more shoes to make more profit. With the profit, she will pay for her children’s school fees. This loan will help Mary expand her business in the future and continue to provide for her family.
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.