Total loan: $725


, , Rwanda / Agriculture

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A loan helped to buy seed and cover labor costs for his farm.

Innocent's story

Innocent is married with four children aged between three and nine years. Two of them are enrolled in school.

Innocent has been a rice farmer for fifteen years; his wife also works farming rice. He is requesting a 430,000 RWF loan from UOB to buy seed and cover labor costs to get the best harvest possible. With the profits, he plans to expand his fields to get a bigger yield.

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.