Gaudence is 51 years old. She is a mother of two children aged 18 and 20 years old. Both her children attend school. She owns a shop which she has been running for five years. With the loan, she will buy more items for sale such as sugar, beans and cooking oil. The profits from the business will be used to reinvest in the 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.