Sophie is 71 years old. She is a widow and has been left with one child aged 42. Sophie sells foodstuffs and has been running the business for five years. With the loan, she wants to buy more sorghum and bananas for sale. The profits from the business will be used to reinvest in the same 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.