Check out some available loans that are similar to this one!
Daniel is 44 years old. He is married with 13 children who all attend school. He has been a rice farmer for more than 10 years. He wants this Kiva loan to buy more fertilizers and pay for labor costs during rice production. The profits from the business will be used to reinvest in the business.

The agricultural 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) 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.

About Rwanda

  • $1,700
    Average annual income
  • 10
    View loans »
    Rwanda Loans Fundraising
  • $15,580,500
    Funds lent in using Kiva
  • 633.8
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Daniel to buy more fertilizers and pay for labor costs during rice production.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Feb 18, 2013
Mar 2, 2013
Currency Exchange Loss:
Sep 21, 2013