Total loan: $1,075


, , Rwanda / Agriculture

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A loan helped To pay for the labor costs involved during cleaning the harvests for the quality sales.

Gaspard's story

Gaspard is 42 years old. He is married with five children who are all aged between one and fourteen years. He has been a maize farmer for the past 21 years, and his wife is a farmer as well. With the loan, he wants to pay for the labor costs involved during cleaning the harvests to produce quality products for sale. The profits from the business will be used to help set up his family's basic needs. 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.