Evariste is 50 years old and has nine children who range in age from 3 to 22. All of them are in school. He earns a living by selling charcoal in a shop he has run for the last 25 years. He is applying for this loan to buy more sand and stones to make into bricks to sell to his customers. Evariste plans to use the profits made possible by this loan to plant trees which he will use in the future. His goal is to double his profit in the coming years.
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.