Floride is a 62-year-old widow, with two grown-up children aged 21 and 27 years old. She has been in business for ten years, selling food locally.
Floride has asked for a loan to buy more cabbages to sell. With the anticpated increased profits she will generate, Floride plans to add to her savings.
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.