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Cyprien
Cyprien is married with six children. His wife works as a farmer. He has grown Irish potatoes for 10 years. He would like to get this loan to buy fertilizer and seeds, and pay for the labor needed to get the best harvest. With the profits, Cyprien plans to farm a larger area, and build a commercial building in the trading center.
The agriculture sector accounts for 37% of Rwanda's gross domestic product, generates 65% of Rwanda's export revenue, and employs approximately 90% of Rwandans (as of 2009). Despite the importance of agriculture to Rwandans and their economy, financial institutions view lending to fund agricultural activities as a high-risk proposition because the profitability of these activities is affected by weather, natural disasters, and price fluctuations. For this reason, farmers in Rwanda remain underserved by financial institutions. Urwego Opportunity Bank is expanding into this market and is happy to provide Kiva lenders with the opportunity to support Rwandan farmers.

Additional Information

About Urwego Opportunity Bank of Rwanda (UOB)

Urwego Opportunity Bank (UOB) 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.

About Rwanda

  • $1,000
    Average annual income
  • 88
    View loans »
    Rwanda Loans Fundraising
  • $12,654,950
    Funds lent in using Kiva
  • 602.6
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Cyprien to buy more fertilizers and seeds, and pay for labor costs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 6, 2012
Listed
Jul 10, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2013