A loan of $975 helped to support labor costs and buy more fertilizers for his maize farm.

Alexis's story

Alexis is a business man in maize farming. He is single, and has been doing this business for more than five years. He is requesting the loan to support labor costs and for adding more fertilizers to get more maize out-put.

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 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.

Loan details

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Loan details