Israel is 42 years old. He is married to a farmer with nine children. All of them go to school. He sells different items such as soap, salt and cooking oil, a business which he has been running for the past 10 years. He has requested the loan to buy more similar items to add to the same business inventory. With the profits, he will pay school fees for the children.
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.