He is a 39-year-old Rwandan entrepreneur with two children who are five and eight years old. Both of his children are in school. He and his wife run a general store.
He has run this store for the past six years selling sugar, rice, beans and other goods.
He requires this loan so that he can purchase more goods that he will sell for a profit.
In the future, he will save all his profits in order to expand his business.
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.