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Pierre is 56 years old. He is married with five children aged between 7 and 23; all of his children attend school.

Pierre has requested a Kiva loan to buy quality seeds and fertilizers and to pay for labor costs during rice production. With the profits from the business, he will pay school fees for his children.

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) 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
  • 2
    View loans »
    Rwanda Loans Fundraising
  • $15,557,575
    Funds lent in using Kiva
  • 633.8
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Pierre to buy quality seeds and fertilizers and to pay for labor costs during rice production.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Feb 20, 2013
Mar 2, 2013
Currency Exchange Loss:
Nov 17, 2013