A loan of $900 helped to pay for fertilizers, seeds, and labor support.

Yovette's story

Yovette is married with three children aged 2-8. All are enrolled in school. Yovette has been a rice farmer for 1 year, and his wife also works as a farmer. Yovette is requesting this Kiva loan to pay for fertilizers, seeds, and labor support so he can get the best harvest. With the profits, he plans to expand the area he has been using to increase his output.

The agricultural 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 for 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