Total loan: $1,850

Jean Pierre

Flag of Rwanda
, , Rwanda / Agriculture

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A loan helped to buy fertilizers and support labor costs during rice production.

Jean Pierre's story

Jean Pierre, age 34, is a rice farmer. He would like to use his Kiva loan funds to support labor costs and buy fertilizers during rice production. Buying fertilizer will allow Jean Pierre to increase production on his farm. With the resulting profits from his farming, he intends 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 percent of Rwanda's gross domestic product, generates 65 percent of Rwanda's export revenue, and employs approximately 90 percent 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.