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This loan is part of Urwego Opportunity Bank's effort to finance primary and secondary school fees for families wishing to educate their children, but who lack the cash to pay tuition up front. It is provided at a lower rate than UOB's normal individual loans, with a 1.18% fee at 18% interest on a declining balance. By funding this loan you are having a family send their childen to school.
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.
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