A loan of $700 helped to buy more fertilizers, seeds, and support labor costs.

Celestin's story

Celestin is married and has four children aged between 1 and 13. His wife works as a farmer. He has been a rice farmer for one year. He would like to get this Kiva loan to buy fertilizers, seeds, and support labor to get the best harvest. With the profits, he plans to expand the area he has been using to get more output.

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