Funded

Total loan: $950
Powered by 27 lenders

Jean Pierre

Rwanda
Rwanda / Farming

A loan of $950 helped to pay for labor which will help him with rice farming.


Jean Pierre's story

Jean Pierre is married with four children aged between 1 and 7. Two of them are enrolled in school. His wife works as a farmer. He has been a rice farmer for 19 years. He would like to get this loan to buy seeds and support labor costs 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

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: April 10, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: April 10, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International