Funded

Total loan: $1,100
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Isaac

Rwanda
Rwanda / Farm Supplies

A loan of $1,100 helped to buy fertilizer, seeds, and pesticides to grow his crops.


Isaac's story

Isaac is married with seven children aged 5 to 22. He has been a maize farmer for 34 years. He would like a loan to purchase fertilizer, seeds, and pesticides to grow his crop.

He will use the Kiva loan to support labor costs and fertilizer during maize production. Fertilizer is needed in order to increase production. 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: October 26, 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: October 26, 2011
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International