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Emmanuel
Emmanuel, 55 years old, is the father of four children, two of whom go to school. The Post-Harvest Bridge Loan, a new loan product for UOB, is a top up loan for farmers who have received the Agric Production financing and are waiting for their harvest to be bought by buyers. UOB’s farmer clients are benefiting from the production financing, which is significantly boosting their yield or production. During the post-harvest process, they are experiencing more poverty as they have to wait for the buyer to pay them. This Kiva Loan will play a big role as a bridge for solving their primary day-to-day needs during this period.

Additional Information

More information about this loan


This loan is part of Urwego Opportunity Bank's program targeting farmers who are members of cooperatives. All borrowers benefiting from these loans receive financing, as well as seed and fertilizer from the Rwandan government. This Kiva loan will thus be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. The loan is also covered by insurance in case of crop failure. 
 

Without flexible, risk-tolerant capital provided by lenders like you, Urwego Opportunity Bank would not be able to offer this type of loan. This is critical in Rwanda where 85% of the population is employed in agriculture, but many formal financial institutions consider the sector to be too risky to invest. By funding this loan, you are expanding opportunity to farmers with limited options.

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
  • 44
    View loans »
    Rwanda Loans Fundraising
  • $13,837,625
    Funds lent in using Kiva
  • 677.1
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Emmanuel to pay for warehouse/store construction for maize produce.
100% repaid
Repayment Term
3 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 3, 2014
Listed
Jun 6, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014