Clarisse is 23 years old and has earned a living selling foodstuffs for the last two years. She would like to improve her business, and is applying for this loan to buy more food items, such as sweet potatoes and bananas, to sell to her customers. She currently rents her business location, and plans to use the profits from this loan to buy a plot of land from which she can run her 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.