Tharcisse is 55 years old and the father of four children who range in age from 10 to 20 years old. All of his children are enrolled in school. He earns a living by selling materials which cobblers use to make shoes, and is requesting a loan to buy advanced equipment for making shoes. With the profits from his business, he wants to renovate his house, which was damaged by heavy rain.
About Urwego Opportunity Bank of Rwanda (UOB)
Urwego is a Rwandan bank specializing in microfinance. It offers credit products to individuals and groups interested in starting or expanding their businesses. It also offers training in business development, financial literacy and health management. Given that approximately 90% of the Rwandan population is directly or indirectly related to the agricultural sector, Kiva lenders’ funds will be used to support UOB’s agricultural loan products, which are vital to the clients living in remote areas.