Funded

Total loan: $950
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Sylvain

Rwanda
Rwanda / Farming

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


Sylvain's story

Sylvain is married with two children, ages 3 and 5. Both are enrolled in school. His wife works as a farmer. He has been a rice farmer for 20 years. He would like to get this Kiva loan to buy fertilizers and seeds and to pay for labor to get the best harvest. With the profits, he plans to expand the area he farms to get more output, pay school fees and put away some savings.

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:

9 months
Repayment schedule: At end of term
Disbursed date: February 20, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

9 months
Repayment schedule: At end of term
Disbursed date: February 20, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International