Venerande, a 62-year-old married mother of eight children between 22 and 44 years of age, has been selling beans for the past 10 years. Now requesting a loan to buy more beans to resell, she will use the additional business profits to buy a cow.
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.