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Since 1997 Urwego Opportunity Bank (UOB) has been serving Rwandans who are economically-active but “under-banked”.  As a Christian microfinance bank, UOB seeks to provide opportunities for those in poverty to transform their lives, not only economically, but socially and spiritually.  Learn more about us.

We offer a full range of deposit and savings accounts that provide a safe means for our clients to store their savings and earn interest.  Savings accounts allow our clients to participate in investment opportunities, insure against hard times, and pay for life’s many expenses (weddings, funerals, etc.).  Our loan products include traditional group loans through our Trust Group/Community Banking Group lending model,  individual Micro-Business Loans, Micro-Consumer loans, and other flexible loan products.

Holistic Life Improvement (HLI) modules provide a unique service that gives specific advice that will promote client transformation.  The modules cover three broad areas: Business Management, Household Financial Management, and Health Management.

We are, also, in the process of implementing micro insurance for the client’s life risk mitigation and affordable remittances.

Below are the Five Components of Microfinance:

1. Credit:  Loans for micro enterprises and consumers so they can achieve economic transformation.

2. Savings:  Deposit products for micro enterprises and consumers so they can safety save their money and have convenient access to cash when needed.

3. Insurance Services*:  For micro enterprises and consumers so they can secure protection against unexpected tragedies, natural disasters, and/or crop failures.

4. Remittance Services*:  Affordable channels so micro enterprises and consumers can send and receive funds.

5. Education/Training:  On-going education/training for micro enterprises and consumers so they can achieve social and spiritual transformation.

*UOB intends to provide Insurance and Remittance services to our clients in 2011