Total loan: $750
, , Rwanda / Agriculture
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Emmanuel's loan finished fundraising,
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A loan helped to use for seedling beds and to support labor costs.
Emmanuel is married and has six children between seven and 21 years old. All of his children are enrolled in school. For over the past 30 years, Emmanuel has been a rice farmer. 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 for 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. Emmanuel is requesting a Kiva loan to use for seedling beds and to support labor costs. He plans to use the profits from his loan to pay school fees for his children, save for the future, and to pay for medical insurance.