Felicien is 42 years old. He is single and owns a boutique. He sells different items in the store, which he has been running for the past three years. With the loan, he will buy more items to add for sale in the boutique, such as salt, soap, and beans. Felicien plans to use the profits for renovating the house.
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.