Veneranda is a 30-year-old Rwandan entrepreneur. She is a widow with no children.
For the past seven years, she has sold foodstuffs. This business has enabled her to improve the standards of living for her family.
She requires this loan to purchase more cassava that she will sell at her place of business. She plans to save the future profits from her business so she can continue to provide for her family in the long term.
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.