A loan of $1,250 helped to buy more fertilizers and cover labor costs.

Emmanuel's story

Emmanuel is 36 years old. He is married to a farmer. He has been a maize farmer for 16 years. He will use this Kiva loan to cover labor costs and fertilizer during maize production. He needs to buy fertilizer in order to increase his production. He wishes to invest profits from his farming in his business so that he can acquire machines like tractors in the future that will enhance his farming capacity. The photo was taken recently at the maize plantation and shows that the last season went well.

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.

Loan details

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Loan details