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Total loan: $2,000
, , Rwanda / Agriculture
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Jean Paul's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To buy fertilizers and pay workers.
Jean Paul's story
Jean Paul is 37 years old. He is married with seven children aged between 1 and 15 years old. Four of them go to school. He is a farmer and he has been growing rice for the past 16 years. His wife is also a farmer. With the loan from Kiva, he would like to buy fertilizers and pay workers. The profits from the business will be used to pay school fees of his children and to buy a house. 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.