Dear friends, family and fellow Kingdom workers,
6. UOB's loan portfolio quality declined in January with PAR>30 days increasing to 1.43%. This hike in PAR>30 was due primarily to the failure of processing repayments of Rwf10M on time due to a connectivity problem in Rusizi and to a couple of MBLs that are waiting to be paid off.
7. For 2011, UOB achieved the operating self-sustainability and it is now official! For January 2012, it is too early to tell since the book has not been closed yet, but we expect it to be a slow month. The overall trend is on an up trend, however.
Jeffrey continued serving God's people through preaching at UOB staff devotion and Agape Korean Church in Rwanda. He also led the weekly Shalom Bible Study, studying the Sermon on the Mount. It is a time of mutual blessing and spiritual growth.