Josephine is 27 years old. She is married with one child aged two. She owns sewing machines as her business and she has been a tailor for the past eight years.
With the loan, she wants to buy more sewing machines to increase the quality and quantity of what she produces. The profits from the business will be used to pay for her child’s school fees.
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.