A loan of $950 helped to buy fertilisers and seeds and pay for labor.

Gaudiose's story

Gaudiose is married with one child aged three. His wife is a business-woman. He has been a rice farmer for 5 years. He would like this Kiva loan to buy fertilizers, seeds and to pay for labor to get the best harvest. With the profits, he plans to expand the area he has been using to increase his output. Behind him in the photo are agriculture borrowers.

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

Lenders and lending teams

Loan details