A loan of $1,375 helped to buy more fertilisers and seeds and pay for extra labor.

Ignace's story

Ignace is the father of an 18-month-old child. He is married to a farmer. He has been a rice farmer for four years. He would like to get this Kiva loan to buy fertilizers and seeds, and pay for extra labor to get the best harvest. With the profit he makes, he plans to expand the area he has been farming in order to increase output and rear cows, from which he expects to get milk to better feed his family.

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