100%

funded

Total loan: $1,200

Ignace

Flag of Rwanda
, , Rwanda / Agriculture

Ignace's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to buy more fertilizers and to pay labor costs for rice production.


Ignace's story

Ignace is age 32. He is a father of four, three of whom go to school. With the loan, he would like to use his Kiva loan to pay labor costs to buy fertilizers during rice production. He needs to buy fertilizer in order to increase production. With profits from his farming he wishes to invest in his business so that in the future he can acquire machines and tractors that will enhance his farming capacity. 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.