This borrower is a 41-year-old Rwandan entrepreneur with three children between 2 and 9 years old. The older two are in school, and her husband is a driver.
For the past seven years she has owned a general store selling various goods such as mineral water, sugar, and beans. This business has enabled her to feed her family and develop herself and her family’s standard of living.
She will use this loan to reinvest in her general store and buy various items such as rice and sugar.
With additional profits she will buy a piece of land.
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.