Jean Damascene is 41 years old and the father of two children who both go to school.
He has been running a boutique for the past eight years. With the loan he will buy more items to sell in the boutique like rice, soaps and sugar. With the profits from the business, he will pay school fees for his children and make savings.
He would love to expand his business in the future.
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.