Total loan: $1,575
, , Rwanda / Agriculture
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A loan helped to buy more fertilizer for Irish potatoes.
Jonas is 28 years old; he has been farming for 3 years. With the loan from Kiva, he would like to buy more fertilizer for Irish potatoes. The profits from the business will be used to improve his welfare. 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.