A loan of $850 helped to support labour costs during rice production.

Vianney's story

Vianney is the father of six children. He has been growing rice for the past 30 years. He has been taught rice farming by his parents. He will use his Kiva loan to support labor costs during rice production: nursery, transplanting, field management, guarding birds, and later for 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

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Loan details