Felix is 40 years old. He is married to a businesswoman. They have three children together and all the children attend school. He owns a hardware store, and has been selling construction materials for 10 years. With the loan, he wants to add more construction materials to sell. The profits from the business will be used to provide food for the family.
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.