Funded

Total loan: $825
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Jean Pierre

Rwanda
Rwanda / Farming

A loan of $825 helped to pay for labor which will help him with rice farming.


Jean Pierre's story

Jean.Pierre is a father of four children. He is a rice farmer and has been doing farming for the past 18 years. He was taught rice farming by his parents. He will use a Kiva loan to support labor costs during rice production: nursery, transplanting, field management, guarding birds, and lately in harvesting activities.

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.



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: July 21, 2011
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: July 21, 2011
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International