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Justin
Justin is married with four children aged between 2 and 15. Two of them are enrolled in school, while the others are not, because they are still young. His wife works as a farmer, and he has been a rice farmer for four 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 that 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.

Additional Information

About Urwego Opportunity Bank of Rwanda (UOB)

Urwego Opportunity Bank (UOB) helps underserved Rwandans by providing its clients with the necessary credit and savings capabilities required for economic transformation. It offers credit products, including group and individual loans, as well as training in business development, financial literacy and health management. UOB loan products leverage social collateral since most group members have little to no collateral.

About Rwanda

  • $1,700
    Average annual income
  • 42
    View loans »
    Rwanda Loans Fundraising
  • $18,423,625
    Funds lent in using Kiva
  • 597.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Justin to pay for labor costs and buy seeds for rice farming.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 10, 2012
Listed
May 9, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 19, 2013