Total loan: $1,950
, , Rwanda / Agriculture
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A loan helped To buy more fertilizer for Irish potatoes.
Jean is 40 years old, married with 3 children aged between 7 and 1. All the children go to school. He has been farming for 8 years. The loan from Kiva, will be used to buy more fertilizer for Irish potatoes. The profits from the business will be used to improve his standard of living. 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 under served 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.