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 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.